Latest news with #YsniSemsedini
CTV News
6 days ago
- Business
- CTV News
London Hydro hopes to create affiliate company and offer more services
London Hydro hopes to reorganize the corporation so that it can explore additional business opportunities. London Hydro is hoping to create an affiliate company. According to officials, the potential affiliate would explore new areas in technology, compete in the retail energy market and offer services not available under the regulated framework. 'We're excited to be going in front of city council on the 14th of August, to talk about the opportunity to create an affiliate company that would run alongside with London Hydro, exploring opportunities that would help drive economic development for the region,' said Ysni Semsedini, CEO of London Hydro. Company officials say this would improve customer experience and potentially lower costs. The mayor of London, Josh Morgan, is open to the idea, saying, 'It's something that if we don't consider, we are going to fall behind what other are doing and miss out on potential revenues.'
CTV News
24-06-2025
- Climate
- CTV News
London Hydro reports highest peak demand in 10 years
As the region faces an extended heat wave, London Hydro is reporting one of the summer's first days of high electricity demand. On Monday, London Hydro saw a peak demand of 716MW, the highest recorded peak in the last 10 years. 'Extreme heat can put added stress on the system, but thanks to strong planning and reliable infrastructure, London's grid is performing well,' said Ysni Semsedini, CEO of London Hydro. 'Our team continues to monitor demand in real time to ensure we can respond quickly if conditions change.' An even higher demand is expected Tuesday as temperatures reach 33 C or 42 C with the humidex. London Hydro's peak electricity demand typically occurs between 4 p.m. and 6 p.m. when residential and commercial energy use overlap. Despite the surge in usage, London Hydro reports the system is, 'Stable and performing reliably.' Tips to reduce energy
CTV News
05-06-2025
- Business
- CTV News
London man charged for copper thefts
A London man has been charged after multiple copper thefts occurred in the downtown. The 42-year-old man was responsible for three thefts from various locations between November 2024 and March 2025, reported by London Hydro. Video surveillance showed the same male for each theft. He's been charged with three counts of break, enter and theft, three counts of possession of break in instruments, mischief under $5,000, theft under $5,000 and trafficking in property obtained by crime. On July 8, the accused is scheduled to appear in court in relation to the charges. 'Theft not only increases costs but more importantly, poses significant safety risks,' said Chief Executive Officer of London Hydro, Ysni Semsedini in a statement.
