distribution business: The companys distribution business which delivers electricity directly to 1.3 million homes and businesses in most of rural Ontario and some larger centres accounts for 75 per cent of Hydro Ones revenue, and 36 per cent of its profit, according to The Toronto Star, Canada. He d then spin off and partially privatize the distribution business in a two-pronged strategy. The companys latest annual report shows Hydro Ones distribution sector had revenue of $4.484 billion last year, and delivered $452 million in pre-tax profit and Selling off Hydro Ones distribution assets, as recommended by the Ed Clark panel , would take a big bite out of the company as it is today. Clark recommends that Hydro One should keep the long-distance, high-voltage network that transmits electricity from generating stations to local hydro networks.
(news.financializer.com). As
reported in the news.
Tagged under Hydro Ones distribution assets, electricity topics.