WATERLOO REGION, ON (September 8, 2022) – The future of electricity in Waterloo Region is here. The merger is complete, and Kitchener-Wilmot Hydro Inc. and Waterloo North Hydro Inc. are now Enova Power Corp.
Executives and board members of Enova Power Corp. joined mayors and local officials on Thursday, September 8, 2022 to officially unveil the new name and brand of the merged entity.
Enova Power Corp. (Enova Power) begins operations on Monday, September 12, 2022.
Rene Gatien, former President and CEO of Waterloo North Hydro Inc., and Jerry Van Ooteghem, former President and CEO of Kitchener-Wilmot Hydro Inc., have been appointed Co-CEOs of Enova Power.
Steve McCartney has been appointed Chair of the Board of Directors for Enova Power.
Rosa Lupo has been appointed Chair of the Board of Directors for the Enova Power parent company, Enova Energy Corporation.
Enova Energy Corporation is owned by the City of Kitchener (53.4%), the City of Waterloo (30.8%), the Township of Woolwich (8.5%), the Township of Wilmot (4.5%), and the Township of Wellesley (2.8%).
The wholly owned subsidiary, Enova Power, is the 7th largest electricity distribution company in the province by customer count, providing energy solutions to over 157,000 residential and business customers in the City of Kitchener, City of Waterloo, Township of Woolwich, Township of Wilmot, and Township of Wellesley.
Enova Power’s 311 employees are dedicated to providing safe and reliable energy solutions that energize and empower our communities.
Quotes
“Kitchener has a strong history of energy innovation and leadership ranging from being the first community in Ontario to get hydroelectric power from Niagara Falls to our long-standing local ownership of both our gas and electric utilities which provide direct benefits back to our whole community. We are excited by the opportunity to partner with Waterloo and three area townships in our shared ownership of Enova Power, as we strive to build a 21st century utility and staff team that serves a fast-growing community and plays a leading role in driving solutions to Ontario’s and our planet’s climate change challenges.”
Berry Vrbanovic, Mayor, City of Kitchener.
“Enova Power remains locally owned, which means its people understand the unique needs of our rapidly growing community. Not only is this essential in ensuring that the solutions they provide solve the real-world energy challenges our residents and businesses face, but it also ensures that the energy dollars we spend are reinvested in our community.”
Dave Jaworsky, Mayor, City of Waterloo.
“Today marks the beginning of new opportunities for our communities. Having one locally owned utility will help ensure that we move forward to a common vision and objectives when it comes to the future of electricity in our communities.”
Sandy Shantz, Mayor, Township of Woolwich.
“Having access to local talent and resources that understand the broad and unique needs of our communities will go a long way in ensuring that we are finding the energy solutions we need.”
Les Armstrong, Mayor, Township of Wilmot.
“We are combining the talents of two diverse workforces to create a bigger and better utility, one that takes a fresh view of the opportunities in electricity and beyond, but also places high value on keeping costs reasonable while delivering quality customer care.”
Joe Nowak, Mayor, Township of Wellesley.
“Enova Power brings over 100 years of experience in energy and as a strong community partner, and we are carrying that forward with us. Our commitment to helping customers achieve their energy goals today and into the future is what drives our pursuit of improved service for the communities we serve.”
Rosa Lupo, Board Chair, Enova Energy Corporation.
“Enova Power is the company our customers rely on. We have some of the smartest people ready to use their collective knowledge and experience to drive what’s next in energy for our communities and beyond. We are excited to get started.”
Steve McCartney, Board Chair, Enova Power Corp.
“This is an exciting day. Combining our strengths will allow us to do bigger and better things, and our core commitment to our customers will not change. We share a strong culture of customer service, and this culture will ensure that our high standards of customer service, safety and reliability will continue even as we move into the future.”
Rene Gatien, Co-CEO, Enova Power Corp.
“This merger is a natural fit. Our teams have been collaborating for several years on projects that benefit our customers and communities, and by finally joining as one, we can reduce barriers and deliver cost and operational efficiencies while moving electricity distribution in Kitchener, Waterloo and the Townships forward to the next chapter.”
Jerry Van Ooteghem, Co-CEO, Enova Power Corp.
About Enova Power Corp.
Enova Power Corp. is the trusted energy provider, dedicated to delivering safe and reliable energy solutions that power our communities forward. Serving more than 157,000 residential and business customers in the City of Kitchener, City of Waterloo, Township of Woolwich, Township of Wilmot, and Township of Wellesley, Enova Power Corp. will drive what’s next in energy and sustainability for our communities and beyond.
About Enova Energy Corporation
Enova Energy Corporation is an energy company with assets in municipal electricity distribution, electricity services, and renewable energy. Owned by the City of Kitchener, the City of Waterloo, the Township of Woolwich, the Township of Wilmot, and the Township of Wellesley, the company is focused on delivering what is next in energy.
Media Contact:
Jeff Quint
Manager, Customer Solutions and Communications
Enova Power Corp.
Tel: 519-888-5596
Mobile: 519-588-5752
Email: mediarelations@enovapower.com
