New Name for Collingwood and PowerStream-owned Utility Unveiled
Completion of joint ownership agreement also celebrated with $50,000 donation to local area hospital
(firmenpresse) - COLLINGWOOD, ONTARIO -- (Marketwire) -- 08/16/12 -- Editors note: There is one photo associated with this press release.
The Town of Collingwood and PowerStream today celebrated the closing of an agreement the two parties signed in January to form a strategic partnership in the joint ownership of the local electric utility, formerly known as Collus Power, by unveiling a new name and logo for the company. The utility will now be branded as Collus PowerStream.
The celebratory event held at Collingwood Town Hall, which included the playing of a to introduce the utility's new corporate identity, also featured a $50,000 cheque presentation to Collingwood General & Marine Hospital Foundation. The donation was made by Collus PowerStream officials and included proceeds from the Collingwood Mayor's Annual Golf Challenge Cup.
Under the terms of an agreement, approved by the Ontario Energy Board on July 12, the Town of Collingwood and PowerStream now each own a 50 percent interest in Collus PowerStream. Going forward, PowerStream will also be providing support for several of Collus PowerStream's operational areas under shared services agreements.
BACKGROUND INFORMATION
QUOTES
ABOUT POWERSTREAM
PowerStream is the second largest municipally-owned electricity distribution company in Ontario, providing service to more than 355,000 customers residing or owning a business in communities located immediately north of Toronto and in Central Ontario. The company is jointly owned by the municipalities of Barrie, Markham and Vaughan.
ABOUT THE TOWN OF COLLINGWOOD
The Town of Collingwood is located in the heart of Ontario's finest four-season destination area. Easy to reach, Collingwood offers a combination of old time charm and history with the best recreation in Southern Ontario. Live, Work and Play!
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To view the photo associated with this press release, please visit the following link: .
Contacts:
Collus PowerStream
Ed Houghton
705-445-1800
PowerStream Inc.
Eric Fagen
905-532-4400
Twitter: (at)powerstreamnews
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Datum: 16.08.2012 - 11:06 Uhr
Sprache: Deutsch
News-ID 1143093
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Die Pressemitteilung mit dem Titel:
"New Name for Collingwood and PowerStream-owned Utility Unveiled
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PowerStream Inc. and Town of Collingwood and Collus PowerStream (Nachricht senden)
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