An electric vehicle is shown attached to a charging station on Tuesday, June 18, 2013 in Montpelier, Vt. THE CANADIAN PRESS/AP-Toby Talbot
Republished February 14, 2020 - 8:29 AM
Original Publication Date February 14, 2020 - 7:16 AM
TORONTO - Two of Ontario's biggest utilities have formed a new company to create a province-wide fast-charger network for electric vehicles.
The Ivy Charging Network is scheduled to have 160 Level-3 fast-chargers at its 73 locations throughout southern, eastern and western Ontario.
The Ivy is a limited partnership owned equally by the government-owned Ontario Power Generation and Hydro One Ltd., a publicly traded former Crown corporation that owns the province's largest electric grid.
They say the Ivy network will be an unregulated business that can provide a new revenue stream for both companies without affecting Ontario electricity rates.
It has selected Greenlots, a member of the Shell Group, to operate and manage the electric charging network.
Natural Resources Canada provided an $8-million repayable contribution to help build the electric vehicle charging network.
This report by The Canadian Press was first published Feb. 14, 2020.
Companies in this story: (TSX:H)
News from © The Canadian Press, 2020