Toronto Hydro Corporation is an electric utility that operates the electricity distribution system for the city of Toronto, Ontario, Canada.
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Toronto Hydro has been serving the city of Toronto for over a century.
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In 1937, Toronto Hydro sold more than 1 billion kWh of electricity for the first time in its history.
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The increased efficiency created a profit that Toronto Hydro passed down to its customers in temporary rate reductions.
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Toronto Hydro raced to keep up, building 12 new electrical substations throughout the city.
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Between 1964 and 1974, Toronto Hydro spent more than $31 million to put overhead wires and transformers underground.
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In December 2002, Toronto Hydro built a 65-metre tall wind turbine at Exhibition Place in partnership with the Toronto Renewable Energy Co-operative .
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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.
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In 2013, Toronto Hydro started construction on the new Clare R Copeland Transformer Station, the first underground station in downtown Toronto.
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In 2015, Toronto Hydro unveiled Hydrostor, the world's first underwater compressed air energy storage system, located three kilometres off Toronto Island.
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In 2016, Toronto Hydro installed the world's first pole-top energy storage unit.
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In 2017, Toronto Hydro launched PowerLens®, an online platform allowing customers to view how their homes use electricity so that they can take steps towards conservation and saving.
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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.
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