Toronto Hydro Corporation Overview 

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Toronto Hydro Corporation (the Corporation) is a holding company which wholly-owns two subsidiaries:

  • Toronto Hydro-Electric System Limited – which distributes electricity and engages in conservation and demand management (CDM) activities

  • Toronto Hydro Energy Services Inc. – which provides street lighting services in the city of Toronto

 

Services

    

  • Supervises the operations of its subsidiaries

  • Provides corporate, management services and strategic direction to its subsidiaries

 

2015 Achievements

  • Raised more than $165,000 for United Way Toronto and was recognized with a United Way Spirit Award

  • Contributed $700,000 from the company’s second annual golf tournament in support of the Ross Tilley Burn Centre at Sunnybrook Hospital
  • On March 16, 2015, the Corporation issued $200.0 million of 3.55% senior unsecured debentures at a price of $998.37 per $1,000 principal amount due July 28, 2045

  • On September 2, 2015, the Corporation re-opened its Series 9 offering and issued an additional $45.0 million of 3.96% senior unsecured debentures at a price of $1,004.68 per $1,000 principal amount due April 9, 2063

  • Paid dividends to the City totalling $56.25 million in 2015
  • As at December 31, 2015, the debentures issued under the Corporation’s medium-term note program were rated “A” by DBRS Limited and “A” by Standard & Poor’s. The commercial paper issued under the Corporation’s commercial paper program was rated “R-1 (low)” by DBRS Limited

 

2016 Objectives
 

The Corporation aims to:

  • Maintain an engaged, healthy, productive and safe workforce to meet changing business requirements

  • Improve reliability through sustainable system management

  • Provide value to customers

  • Meet the financial objectives of its Shareholder

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