Yahoo Finance Hydro One and the City of Peterborough partner to plant 500 trees
Company helps restore city's urban canopy following last year's May derecho
PETERBOROUGH, ON, June 7, 2023 /CNW/ - Today, during Canadian Environment Week, volunteers joined Hydro One and the City of Peterborough at Ashburnham Memorial Park to plant and give away over 500 trees to restore the urban canopy. This community partnership investment comes on the heels of the one-year anniversary of the derecho that took out hundreds of trees in parks and boulevards across the city, one of Ontario's hardest hit regions.
"Energizing life for customers and communities means more than supplying safe and reliable power, it means supporting important local initiatives and organizations to build a better and brighter future for all," said Teri French, Executive Vice President, Operations and Customer Experience, Hydro One. "We know how important trees and greenspaces are in communities and are proud to support the City of Peterborough in its effort to mitigate the effects of climate change, support wildlife, and improve the air quality for its residents."
"We're extremely grateful for this generous support from Hydro One to help restore trees in our city following last year's devastating storm. Hydro One worked tirelessly to restore power to our community following the storm and having them here today planting trees feels like we've come full circle," said City of Peterborough Mayor Jeff Leal. "A healthy diverse urban forest provides numerous environmental benefits that supports the health and wellbeing of Peterborough residents for generations to come."
"I am proud to see the community come together for such an important initiative during Canadian Environment Week," said David Piccini, Minister of the Environment, Conservation and Parks. "Each tree we plant is a step towards a healthier environment and a more sustainable future. I commend Hydro One for its support in helping to create a greener and more resilient community for all".
"Trees are essential to creating healthy, vibrant, and sustainable communities," said Dave Smith, MPP, Peterborough-Kawartha. "Ashburnham Memorial Park is a popular gathering spot for families and community members, and we're thrilled that through this donation from Hydro One, it will continue to serve as a community greenspace for years to come."
Hydro One joined the communities of Peterborough, Lakefield and Norwood in 2021 and continues to energize life and support important local initiatives and organizations in those communities. To read more about Hydro One's Community Investment program, visit: Building Safe Communities (hydroone.com).
Hydro One Limited (TSX: H)
Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with approximately 1.5 million valued customers, approximately $31.5 billion in assets as at December 31, 2022, and annual revenues in 2022 of approximately $7.8 billion.
Our team of approximately 9,300 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2022, Hydro One invested approximately $2.1 billion in its transmission and distribution networks, and supported the economy through buying approximately $1.9 billion of goods and services.
We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. We are designated as a Sustainable Electricity Leader™ by Electricity Canada.
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. Additional information can be accessed at www.hydroone.com, www.sedar.com or www.sec.gov.
SOURCE Hydro One Inc.
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