Hydro One reveals more details on proposed Peterborough Distribution takeover
March 21, 2019
Hydro One won’t be letting go of four line and forestry employees after all, if it buys Peterborough Distribution Inc. (PDI) — there would be jobs for all current employees, according to a new report.
An application before the Ontario Energy Board (OEB) states that Hydro One would need 13 line and forestry workers if it were to buy PDI — four fewer than the 17 currently employed.
But those four wouldn’t lose their jobs, states the new report.
That’s because Hydro One would “reduce their provincial attrition hiring” — hiring to replace people who’ve retired, for example — by four people across the province.
The OEB is the province’s electricity and natural gas regulator; it’s expected to consider an application to sell the municipally-owned electrical distribution system to Hydro One for $105 million.
