Utility company Hydro Ottawa Holding Inc. has been named the 2012 Large Company of the Year in the Ontario energy sector by the Ontario Energy Association.
The award recognizes Hydro Ottawa for its achievements, such as financial operations, customer service, distribution operations and energy production, corporate social responsibility, environmental leadership and human resources management.
"I am very proud to accept this award on behalf of Hydro Ottawa," says President and Chief Executive Officer Bryce Conrad. "Our recent achievements have built a strong foundation to grow our business in future years."
The company says it has increased its shareholder value by more than US$135 million over the past four years, while building a customer base of more than 305,000.
HydroWorld.com reported in June that the utility had purchased three generating stations at the Chaudiere Falls hydropower complex via its subsidiary, Energy Ottawa.
That deal gave Hydro Ottawa control of six of the seven plants at Chaudiere Falls, which combine for an output capacity of 38 MW. The company said that capacity could be expanded to 60 MW in the future.