Innovative pilot project will bring broadband access to underserved homes and businesses across the Brighton region
BRIGHTON, ON, March 25, 2022 /CNW/ – Today, Hydro One Limited (TSH:H) (“Hydro One”) announced a new pilot project that will bring broadband access to the Municipality of Brighton and surrounding areas. The pilot project will use the reach of the utility’s existing electrical infrastructure and a fiber optic cable network provided by Acronym Solutions Inc. (formerly Hydro One Telecom) to enable high-speed Internet access to nearly 1,450 homes and businesses in the region.
“At Hydro One, we continue to embrace innovative solutions to energize the lives of our customers,” said David Lebeter, Chief Operating Officer, Hydro One. “The past two years have underscored the importance of internet connectivity for economic productivity and the ability to access work, education, health and other essential services. Hydro One was first created to build power lines to bring electricity to rural and northern areas. Ontarioand we are proud to use the reach of our network to facilitate and enable broadband in the Brighton region.”
“With more than 20 years of experience in the management of the telecommunications network which allows from Ontario power grid, Acronym is well positioned to support this innovative pilot program,” said John PapadakisPresident and CEO, Acronym Solutions Inc. “We are excited to help residents and businesses of Brighton reach their full potential.”
“Our government is finding new and innovative ways to bring high-speed Internet access to every home and business in the province, and this pilot project in Brighton is another example of how we will achieve our goal of 100% connectivity by the end of 2025,” said Kinga Surma, Minister of Infrastructure. “By leveraging existing infrastructure and removing barriers to high-speed Internet expansion, more Ontarians will be able to access better, faster Internet services faster.
“All communities deserve access to reliable, high-speed internet access,” said Todd Smith, Minister of Energy. “By working with partners like Hydro One to use existing electrical infrastructure to rapidly extend high-speed internet to up to 1,450 homes and businesses across Brighton we are accelerating our work to connect all communities by 2025.”
“It is important that Ontarians have access to reliable internet services,” said David Picini, MPP for Northumberland—Peterborough South and Minister of Environment, Conservation and Parks. “Today’s announcement shows our government’s commitment to bringing high-speed Internet access to our community, while using innovative ways to get there faster.”
“As Brighton increases, the need for our citizens to access reliable and high-speed internet services also increases,” said Brian Ostrander, Mayor of Brighton. “Over the past two years, we have seen people leave major urban centers thinking they can work from home. With this announcement, Hydro One’s pilot project will make that vision a reality and improve our ability to drive from Brighton the local economy forward. We are grateful to our provincial and utility partners for helping to make Brighton a hub for reliable high-speed Internet services!”
Hydro One proudly serves the Municipality of Brighton as its electricity service provider. Through this rural broadband pilot project, the utility is providing a cost-effective solution to enable broadband.
Hydro One’s five-year capital plan includes investing in taller and stronger poles. The company is committed to continuing to work with government and private sector partners to enable broadband.
Hydro One Limited (TSX: H)
Hydro One Limited, through its wholly owned subsidiaries, is from Ontario largest electricity transmission and distribution provider with approximately 1.5 million rated customers, approximately $30.4 billion of assets at December 31, 2021and annual revenues in 2021 of approximately $7.2 billion.
Our team of approximately 9,300 skilled and dedicated employees takes pride in building and maintaining a safe and reliable power system that is essential to supporting strong and thriving communities. In 2021, Hydro One invested approximately $2.1 billion in its transmission and distribution networks, and supported the economy by purchasing approximately $1.7 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 company by the Canadian Electricity Association.
The common shares of Hydro One Limited are listed on the TSX and certain of Hydro One Inc.’s medium term notes are listed on the NYSE. Additional information is available at www.hydroone.com; www.sedar.com Where www.sec.gov.
Acronym Solutions Inc.
Acronym Solutions Inc. is a full-service information and communications technology (ICT) company that provides a scalable and secure suite of network, voice and collaboration, security, cloud and operations solutions. We support Canadian businesses, large corporations, service providers, healthcare providers, public sector organizations and utilities. We leverage our extensive network expertise to design and build custom, fully scalable solutions to help our customers grow their businesses and realize their full potential. With more than 20 years of experience in managing the communication system that allows from Ontario power grid, Acronym is uniquely positioned to understand the critical needs of any business to deliver innovative and reliable services that meet changing business demands and support rapid growth and digital transformation initiatives.
Forward-Looking Statements and Information:
This press release may contain “forward-looking information” within the meaning of applicable securities laws. Words such as “expect”, “anticipate”, “intend”, “attempt”, “may”, “plan”, “will”, “may”, “believe”, “seek” , “estimate” and variations of these similar words and expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions and involve assumptions, risks and uncertainties that are difficult to predict. Accordingly, actual results may differ materially from what is expressed, implied or anticipated in such forward-looking information. Certain of the factors that could cause actual results to differ materially from those expressed, implied or projected by such forward-looking information, including certain of the assumptions used in making such statements, are discussed in greater detail in Hydro’s filings. One with the securities regulators Canadawhich are available on SEDAR at www.sedar.com. Hydro One does not intend, and disclaims any obligation, to update any forward-looking information except as required by law.
SOURCE Hydro One Limited
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