building durham’s competitive edge energy durham economic prosperity conference 2014 michael...

Building Durham’s Competitive EdgeEnergy

Durham Economic Prosperity Conference 2014Michael Angemeer P.Eng.

President & CEO Veridian Connections

Veridian Connections

• 7th largest local distribution company (LDC)• ~120,000 customers• Owned by Pickering, Ajax, Clarington, Belleville• Serves 9 communities, product of 2 mergers and 5

acquisitions• Top quartile efficiency• High returns to shareholders• 7/24 Control Centre• Competitive rates

Adding value to customers

• Lower costs, less increase to electricity costs– Shared services– Cooperative– Mergers – Purchase of Hydro One territory

• Higher levels of service – 7/24 Control Centre– Improved coordination with municipalities– Prudent investments in infrastructure with limited capital

Improving Community Resilience

• Ice storm, Hurricane Sandy• Climate change• Smart Grid

– UOIT • Improved communication with customers

– Twitter, outage map• Analyze low lying areas, harden overhead system• Microgrids for critical community infrastructure

– Hospitals– Warming centres – Water pumping– Electricity and heat

Combined Heat and Power (CHP)

• Help business be more competitive• Campuses – hospitals, universities, critical

infrastructure• Seaton employment lands• Intensification areas – places to grow• Pickering airport• Greenhouses – local food – Airport and other

areas

A One time opportunity

• Purchase of Hydro One distribution territory• Veridian’s size could increase by more than 40%• Reduce overlap of services• Increase in service levels• Lower rates over time in Hydro One part of Clarington,

Uxbridge and other communities– Hydro One distribution rates are over 30% more than Veridian’s

• With partners, we could take advantage of more of this opportunity and see the benefits of growth east and north of Toronto coming back mostly to Durham Region

Thank you

• Michael Angemeer• mangemeer@veridian.on.ca