predecessor toronto hydro electric commission founded 1998 headquarters 14 carlton street toronto area served toronto ontario canada key people anthony haines president & ceo david williams chair of the board revenue 3 539.9 million can total revenue 2015 1 net income 126.7 million can after net movements in regulatory balances 2015 2 total assets 4 696.9 million can total assets and regulatory balance 2015 3 total equity 1 340.9 million can total equity 2015 4 owner city of toronto number of employees 1 480 2015 5 subsidiaries toronto hydro electric system limited toronto hydro energy services inc. website torontohydro.com toronto hydro vehicle . toronto hydro is the largest municipal electricity distribution company in canada serving approximately 756 000 customers 6 in the city of toronto canada . it distributes approximately 19 % 7 of the electricity consumed in the province of ontario . contents 1 history 2 awards 3 see also 4 references 5 external links history edit toronto hydro has been serving the city of toronto for over a century . 1910s electricity first came to toronto in the late 1880s . a number of private companies were formed to meet demand . in 1908 torontonians voted overwhelmingly for the formation of a municipal electricity company . toronto hydro electric system was introduced on may 2 1911 at old city hall . 1920s toronto hydro merged with the private electricity companies in the 1920s leading to a 95 per cent increase in the number of meters and a 200 per cent increase in the kilowatt hours sold . further demand came from an approximate 50 per cent rise in appliance sales . 1930s demand for electricity decreased for the first time during the depression . in order to protect jobs unionized workers agreed to reduce their work hours to 40 hours per week . while some layoffs were necessary those jobs were offered back to employees when electricity consumption picked up in 1940 . by toronto s centennial in 1934 toronto had approximately 920 kilometres km of paved streets 880 km of which were lit by electricity . in 1937 toronto hydro sold more than 1 billion kwh for the first time in its history . 1940s toronto hydro appealed to customers to conserve energy during world war ii . electricity consumption for signs show windows displays and advertising was banned . street lighting was reduced by approximately 20 per cent and daylight saving time was extended throughout winter to reduce the afternoon peak electrical load . the increased efficiency created a profit that toronto hydro passed down to its customers in temporary rate reductions . 1950s between 1945 and 1955 toronto s kilowatt hour consumption increased by 75 per cent . this was due to the post war baby boom and increased immigration . toronto hydro raced to keep up building 12 new electrical substations throughout the city . the electrical system was converted from 25 hertz cycles per second to 60 hertz and over 200 000 meters were replaced . 1960s the convenience of electricity was heavily promoted . as a result electricity use grew at home and in the workplace . between 1964 and 1974 toronto hydro spent more than 31 million to put overhead wires and transformers underground . 1970s as environmentalism grew toronto hydro introduced a variety of energy conservation programs and incentives to customers . the building boom of the late 1960s meant that in 1970 toronto hydro s peak load increased 5.6 per cent over the previous year . new additions to the toronto skyline including cn tower first canadian place the royal bank plaza and hydro place added over 44 500 kw of demand to the grid . 1980s in the 1980s toronto hydro became the largest municipal electricity distribution utility in canada . the organization introduced a customized supervisory control and data acquisition system scada which enabled operators to accurately and remotely monitor the distribution system . as toronto hydro moved to digital other organizations followed suit . the introduction of desktop computers printers networks and photocopiers meant additional demand . 1990s on january 1 1998 bill 103 amalgamated six municipal electric utilities into one nearly tripling toronto hydro s customer base to approximately 650 000 customers . approximately 350 employees helped restore power following the ice storm in eastern ontario and southern quebec in january 1998 . crews worked 12 to 20 hours a day coped with harsh conditions and unfamiliar equipment . in 1999 the city of toronto became toronto hydro s sole shareholder when the utility incorporated . 2000s in 2001 toronto hydro began powering 100 vehicles with low sulphur diesel and soy based biodiesel fuel . in december 2002 toronto hydro built a 65 metre tall wind turbine at exhibition place in partnership with the toronto renewable energy co operative trec . toronto hydro launched its first smart meter projects in 2005 to approximately 500 customers and in 2010 started transitioning customers to time of use rates to help them better manage their electricity bills . 2010s in 2011 toronto hydro launched various social media channels which has given its customers the ability to interact with the organization in a variety of convenient ways . in 2013 toronto hydro started construction on the new clare r. copeland transformer station the first underground station in downtown toronto . in 2015 toronto hydro unveiled hydrostor the world s first underwater compressed air energy storage system located three kilometres off toronto island . this underwater battery stores electricity when the demand is low and can be released when the grid needs a boost . the ontario energy board approved toronto hydro s 2015 2019 rates application . over this five year period toronto hydro has secured more than 2 billion in capital funding that it will use to meet the growing demand for electricity to safeguard against extreme weather events and upgrade aging infrastructure . awards edit toronto hydro has received the following prestigious awards 2013 canada s top 100 employers 8 2013 greater toronto s top employers 9 2013 canada s top family friendly employers 10 2013 canada s greenest employers 11 2014 greater toronto s top employers 9 2014 canada s greenest employers 12 recognized as a sustainable electricity company a designation by the canadian electricity association 13 see also edit hydro one hydroelectricity alternative energy utility company references edit toronto hydro 2015 annual report . toronto hydro 2015 annual report . toronto hydro 2015 annual report . toronto hydro 2015 annual report . toronto hydro 2015 annual report . toronto hydro 2015 annual report . toronto hydro 2015 annual report . canada s top 100 employers . a b greater toronto s top employers . canada s top family friendly employers . canada s greenest employers for 2013 . canada s greenest employers for 2014 . canadian electricity association recognizes toronto hydro as a sustainable electricity company pdf . toronto hydro annual reports www.torontohydro.com annualreports book bright lights big city the history of electricity in toronto by robert m. stamp http www.torontohydro.com sites electricsystem pages foryourhome.aspx http www.torontohydro.com sites corporate history pages history.aspx http www.eluta.ca top employer toronto hydro external links edit wikimedia commons has media related to toronto hydro . toronto hydro website retrieved from https en.wikipedia.org w index.php title toronto hydro & oldid 725729014 categories ontario electricity policycompanies based in torontopower companies of canadamunicipal government of torontomunicipally owned companies in canadahidden categories pages using infobox company with unsupported parameterscommons category template with no category setcommons category without a link on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search 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