PowerStream
Open-knowledge reference entry
PowerStream Holdings Incorporated was an electric utility servicing communities north of Toronto and in Central Ontario. Its service areas included Aurora, Alliston, Barrie, Beeton, Bradford West Gwillimbury, Penetanguishene, Markham, Richmond Hill, Thornton, Tottenham and Vaughan.
Powerstream merged with Enersource and Horizon Utilities to form Alectra on February 1, 2017. Through a partnership with the Town of Collingwood it owned a 50% share of Collus PowerStream which serves customers in Collingwood, Stayner, Creemore and Thornbury. The 50% ownership stake in Collus PowerStream was transferred to Alectra before being sold back to the Town of Collingwood in 2017.
History
PowerStream was formed as a result of a merger of Markham Hydro, Hydro Vaughan, and Richmond Hill Hydro that took place in 2004. The separate utilities had been created by the York Municipal Hydro-Electric Service Act in 1978. Following the initial merger, PowerStream also gained distribution territory after the purchase of Aurora Hydro in 2005, and Barrie Hydro in 2009.
On August 2, 2012 the company purchased 50 per cent ownership of Collus Power from the Town of Collingwood. As a result of the deal Collus rebranded to Collus PowerStream.
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This entry incorporates text from “PowerStream” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.