June 1, 2012 – Congratulations to PowerStream, which celebrated its 8th anniversary today. The distribution company was created June 1, 2004, following the merger of Hydro Vaughan, Markham Hydro and Richmond Hill Hydro. Initially, the company served 192,000 customers in these three municipalities. The company then acquired Aurora Hydro in 2005 and merged with Barrie Hydro in 2009.

Today, PowerStream is the second-largest municipally-owned electric utility in Ontario, serving about 340,000 customers and a population of one million people in 11 York Region and Simcoe County communities.

“The creation and continued growth of PowerStream is largely due to the vision of the three municipalities, working together to build a publicly-owned utility that has become an industry leader in customer service, innovation and environmental stewardship,” said Frank Scarpitti, PowerStream chair and Town of Markham Mayor, in reference to the company’s three municipal shareholders: Barrie, Markham and Vaughan. “When you combine this philosophy with a committed and engaged board of directors, along with dedicated management and staff, it is a formula for ongoing success.”

To celebrate its anniversary today, PowerStream held a cake celebration with employees, and co-hosted the first Canadian demonstration of vehicle-to-grid power supply technology, in partnership with Nissan Canada. CLICK HERE for that story.