Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael...
Transcript of Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael...
![Page 1: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/1.jpg)
Building Durham’s Competitive EdgeEnergy
Durham Economic Prosperity Conference 2014Michael Angemeer P.Eng.
President & CEO Veridian Connections
![Page 2: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/2.jpg)
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
![Page 3: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/3.jpg)
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
![Page 4: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/4.jpg)
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
![Page 5: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/5.jpg)
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
![Page 6: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/6.jpg)
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
![Page 8: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/8.jpg)
![Page 9: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/9.jpg)
![Page 10: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/10.jpg)
![Page 11: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/11.jpg)
![Page 12: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/12.jpg)
![Page 13: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/13.jpg)
![Page 14: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/14.jpg)
![Page 15: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/15.jpg)
![Page 16: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/16.jpg)
![Page 17: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/17.jpg)
![Page 18: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/18.jpg)
![Page 19: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/19.jpg)
![Page 20: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/20.jpg)
![Page 21: Building Durham’s Competitive Edge Energy Durham Economic Prosperity Conference 2014 Michael Angemeer P.Eng. President & CEO Veridian Connections.](https://reader035.fdocuments.in/reader035/viewer/2022062409/56649c9e5503460f9495edbb/html5/thumbnails/21.jpg)