Hydro One

Hydrostor Enhances Executive Team with Hiring of Industry Veteran as New Chief Financial Officer

Retrieved on: 
Monday, February 5, 2024

TORONTO, CANADA, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Hydrostor, a global long duration energy storage (LDES) developer and operator, is pleased to announce the appointment of Beth Summers as the company’s new Chief Financial Officer, effective February 5.

Key Points: 
  • TORONTO, CANADA, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Hydrostor, a global long duration energy storage (LDES) developer and operator, is pleased to announce the appointment of Beth Summers as the company’s new Chief Financial Officer, effective February 5.
  • “We’re excited to have Beth join our team at such an exciting time for our company, as our Silver City and Willow Rock projects move towards financial close,” said Curtis VanWalleghem, Hydrostor’s CEO.
  • Prior to that, Beth was Senior Vice President and Chief Financial Officer of Ontario Power Generation, Ontario’s largest electrical power generator, after her time as Chief Financial Officer of Just Energy Group Inc., a leading North American distributor of electricity and natural gas.
  • Ms. Summers was also Executive Vice President and Chief Financial Officer at Hydro One Inc. She began her career in the audit practice at Ernst & Young, where she worked for 10 years.

International Lithium Files PEA Technical Report for Raleigh Lake Lithium Project - Outlines Highly Favourable After-Tax NPV (discounted at 8%) of CAD$342.9 million and After-Tax IRR of 44.3% p.a.

Retrieved on: 
Thursday, January 18, 2024

As originally foreshadowed, the very near proximity of Raleigh Lake to existing service infrastructure along the Trans-Canada Highway corridor affords significant logistical and economic advantages to the project.

Key Points: 
  • As originally foreshadowed, the very near proximity of Raleigh Lake to existing service infrastructure along the Trans-Canada Highway corridor affords significant logistical and economic advantages to the project.
  • The Company continues to investigate the potential value associated with the extraction of rubidium from the microcline zone within the spodumene deposit.
  • Economics (discounted at 8% p.a., CAD$)
    Pre-tax Cashflow = CAD$709.4 million, NPV = CAD$385.1 million, IRR = 46.5% p.a.
  • The SGS lab tests obtained 22.9 weight percentages of 6% Lithium Concentrate and estimated 81% lithium recovery
    A copy of The Report, "The Raleigh Lake Project, NI43-101 Technical Report - PEA," was filed on SEDAR on January 18, 2024.

Hydro One To Release Fourth Quarter 2023 Results On February 13, 2024 Before Markets Open

Retrieved on: 
Friday, January 12, 2024

ET

Key Points: 
  • ET
    TORONTO, Jan. 12, 2024 /PRNewswire/ - Hydro One Limited (TSX: H), the largest electric transmission and distribution utility in Ontario, plans to release its fourth quarter financial results the morning of February 13, 2024 before North American financial markets open.
  • A summary of the results will be distributed by newswire and the complete MD&A and financial statements will be posted at www.hydroone.com/investors and www.sedarplus.com .
  • Hydro One's management will host a teleconference with the investment community starting at 8 a.m.
  • Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE.

Hydro One Limited announces search for a new Chief Financial Officer as Chris Lopez intends to step down on June 30, 2024

Retrieved on: 
Tuesday, January 2, 2024

TORONTO, Jan. 2, 2024 /PRNewswire/ - Today Hydro One Limited (Hydro One) announced that Chris Lopez intends to step down as Executive Vice President and Chief Financial and Regulatory Officer, to pursue other opportunities as of June 30, 2024.

Key Points: 
  • TORONTO, Jan. 2, 2024 /PRNewswire/ - Today Hydro One Limited (Hydro One) announced that Chris Lopez intends to step down as Executive Vice President and Chief Financial and Regulatory Officer, to pursue other opportunities as of June 30, 2024.
  • The company will now embark on an internal and external search for his replacement.
  • "On behalf of Hydro One, I want to thank Chris for his contributions to the company," said David Lebeter, President and CEO, Hydro One.
  • Chris Lopez will remain in his position as Executive Vice President and Chief Financial and Regulatory Officer while the search for his replacement is underway.

Thunder Bay teen honoured for saving father’s life with CPR

Retrieved on: 
Thursday, November 2, 2023

She was honoured during an awards ceremony at St. Patrick High School.

Key Points: 
  • She was honoured during an awards ceremony at St. Patrick High School.
  • Their mother, Clare Caza, had already started performing CPR and was on the phone with the 911 operator.
  • Madeleine was trained through the ACT High School CPR and AED Program, which aims to see all students empowered to save lives.
  • With the 911 operator’s guidance, Madeleine and Luke quickly placed Michel on the floor, and Madeleine took over performing CPR until firefighters arrived.

Morrison Hershfield's Catherine Karakatsanis is the New President of the International Federation of Consulting Engineers (FIDIC)

Retrieved on: 
Thursday, October 26, 2023

TORONTO, Oct. 26, 2023 /PRNewswire/ - Catherine Karakatsanis, P.Eng., Chief Operating Officer at Morrison Hershfield, is the new president of the International Federation of Consulting Engineers (FIDIC).

Key Points: 
  • TORONTO, Oct. 26, 2023 /PRNewswire/ - Catherine Karakatsanis, P.Eng., Chief Operating Officer at Morrison Hershfield, is the new president of the International Federation of Consulting Engineers (FIDIC).
  • In her new role as President, she looks forward to working in partnership with member associations to advance FIDIC's important work.
  • Ms. Karakatsanis' FIDIC tenure continues her impressive career of industry involvement and volunteer work that has spanned over thirty years.
  • She has also held professional regulatory and advocacy body leadership roles with Engineers Canada, Professional Engineers Ontario and Ontario Society of Professional Engineers.

Itron Announces Conference Schedule for Itron Inspire 2023

Retrieved on: 
Thursday, October 5, 2023

Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the conference schedule for its premier customer-focused event, Itron Inspire 2023 , which will be held in San Antonio, TX, Oct. 22-27, 2023.

Key Points: 
  • Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced the conference schedule for its premier customer-focused event, Itron Inspire 2023 , which will be held in San Antonio, TX, Oct. 22-27, 2023.
  • Select content will also be available on-demand following the conference.
  • Panelists will share the story of challenges and successes over the course of their careers and how they have worked to inspire others along the way.
  • For more information about Itron Inspire 2023, please visit www.itron.com/inspire .

Mark Podlasly Appointed to CIBC's Board of Directors

Retrieved on: 
Tuesday, October 10, 2023

TORONTO, Oct. 10, 2023 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced that Mark Podlasly (Nlaka'pamux Nation, BC) will be joining its Board of Directors effective November 1, 2023.

Key Points: 
  • TORONTO, Oct. 10, 2023 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced that Mark Podlasly (Nlaka'pamux Nation, BC) will be joining its Board of Directors effective November 1, 2023.
  • Mr. Podlasly is the Chief Sustainability Officer at the First Nations Major Projects Coalition, a national collective of 144 Indigenous nations that seeks ownership of major projects such as pipelines, electric utilities, and mining support infrastructure.
  • In addition, Mr. Podlasly is a director on the board of Hydro One Inc., a member of the Indigenous Advisory Council of CN Rail and a Trustee of the Nlaka'pamux Nation Legacy Trust.
  • Mr. Podlasly holds a master's degree in public administration from Harvard University and a Bachelor of Arts in business administration from Trinity Western University.

Hydro One To Release Third Quarter 2023 Results On November 8, 2023 Before Markets Open

Retrieved on: 
Friday, October 6, 2023

ET

Key Points: 
  • ET
    TORONTO, Oct. 6, 2023 /PRNewswire/ - Hydro One Limited (TSX: H), the largest electric transmission and distribution utility in Ontario, plans to release its third quarter financial results the morning of November 8, 2023 before North American financial markets open.
  • A summary of the results will be distributed by newswire and the complete MD&A and financial statements will be posted at www.hydroone.com/investors and www.sedarplus.com .
  • Hydro One's management will host a teleconference with the investment community starting at 8 a.m.
  • Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE.

Members of the Society of United Professionals ratify collective agreement with Hydro One

Retrieved on: 
Monday, September 11, 2023

TORONTO, Sept. 11, 2023 /PRNewswire/ - Hydro One Inc. (Hydro One) and the Society of United Professionals are pleased to announce that Society-represented employees have voted in favour of renewing their collective agreement, which will be in effect until September 30, 2025.

Key Points: 
  • TORONTO, Sept. 11, 2023 /PRNewswire/ - Hydro One Inc. (Hydro One) and the Society of United Professionals are pleased to announce that Society-represented employees have voted in favour of renewing their collective agreement, which will be in effect until September 30, 2025.
  • "I'm confident that the dedicated employees in these roles will help us build a better and brighter future for all."
  • "The Society of United Professionals prides itself on working collaboratively with our employers to negotiate top-flight collective agreements that are fair for everyone," said Michelle Johnston, President of the Society.
  • The collective agreement between Hydro One and the Society of United Professionals covers critical engineering, supervisory and administrative roles across the company's operations.