{"id":4070,"date":"2026-01-27T16:45:56","date_gmt":"2026-01-27T16:45:56","guid":{"rendered":"https:\/\/enovapower.com\/reports\/?page_id=4070"},"modified":"2026-05-13T12:33:03","modified_gmt":"2026-05-13T12:33:03","slug":"2025-report","status":"publish","type":"page","link":"https:\/\/enovapower.com\/reports\/2025-report\/","title":{"rendered":"2025 Report"},"content":{"rendered":"\t\t
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Enova Power Corp. 2025 Report<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\nPowering Prosperity<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Sandra MacGillivray<\/strong>
Chair,\u00a0
Enova Power Corp.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Greig Cameron<\/strong>
President and CEO,
Enova Power Corp.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Message From the Chair and CEO<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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As Chair of the Board and President and Chief Executive Officer of Enova Power Corp., we are pleased to present Enova Power\u2019s 2025 Annual Report, reflecting a year of strong performance and service excellence. A highlight of our achievements was marked in March 2026 when we received the Electricity Distributors Association\u2019s LDC Performance Excellence Award – Ontario\u2019s highest industry honour for local distribution companies – and then again in April when we were named one of Southwestern Ontario\u2019s Top Employers. These accolades reflect the collective efforts of our employees and affirm our commitment to safety, operational excellence, financial stewardship, customer service, and the communities we are privileged to serve.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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In 2025, we substantially completed our post\u2011merger integration work. Our employees navigated significant change with professionalism and resilience, advancing large-scale integration work while meeting the daily needs of more than 165,000 customers across our shareholder municipalities \u2013 the City of Kitchener, the City of Waterloo, the Township of Woolwich, the Township of Wilmot, and the Township of Wellesley. By year end, close to 87 per cent of our major integration initiatives were complete, including the integration of major enterprise and operational technology systems, and the consolidation of our 24×7 Control Room operations. These efforts contributed to $2.6 million in net synergies in 2025 while maintaining strong talent retention and operational stability.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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From a governance perspective, the Board remained focused on effective oversight, creating long-term value, and disciplined risk management. Management\u2019s execution of the 2024\u20132028 Strategic Plan reinforced the Board\u2019s confidence that Enova Power is well positioned to deliver sustainable results in a rapidly evolving energy and regulatory environment.<\/p>

We continued to invest in the reliability and resilience of our distribution system, with more than $56 million invested in system renewal, capacity expansion, and grid modernization. Two severe weather events in 2025, an ice storm in March and then another in December, saw our crews working safely and diligently to restore power and support customers in Waterloo Region and beyond, reinforcing Enova\u2019s role as a trusted provider of critical infrastructure.<\/p>

We delivered strong financial results, with net income of $18.5 million, exceeding budget by 24%. We maintained an A (stable) credit rating and successfully secured $250 million in long-term financing, underscoring investor confidence in Enova Power\u2019s financial discipline and long-term outlook.<\/p>

At the heart of our work is a commitment to energizing and empowering our communities. In 2025, we contributed more than $450,000 through community donations and sponsorships and remained an engaged partner with customers, municipalities, and industry stakeholders.<\/p>

As we move beyond post-merger integration and into the next phase of our strategy with a focus on grid resiliency, innovation, and community partnerships, we are strengthening our foundation while continuing to deliver safe, reliable, and customer-centred electricity service. We are well positioned to support growth, enable the energy transition, and continue delivering value to our communities, our customers and our shareholders alike.<\/p>

On behalf of the Board of Directors and management, we thank our employees for their dedication, our shareholders for their continued trust, and our customers and communities for the confidence they place in Enova Power.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Land Acknowledgement<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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We are on the traditional territory of the Neutral, Anishinaabeg and Haudenosaunee Peoples. We recognize our responsibility to serve as stewards for the land and honour the original caretakers who came before us. Our community is enriched by the enduring knowledge and deep-rooted traditions of the diverse First Nations, Metis and Inuit in these parts of our region today.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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What's Inside...<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Hover over the arrows in the section titles below and click or tap to visit each section of the report.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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About Enova Power<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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We are the backbone of our communities. That\u2019s why we work around the clock to ensure our customers have power they can rely on. What we do matters to the people and businesses in our communities, and we have the proven responsiveness and experience to support our customers and keep them safe.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Post-Merger Integration<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Integration remained a major focus in 2025 as we streamlined operations to serve our customers better. The hard work of our integration project teams and employees across all departments helped complete important projects and positioned Enova for a bright, productive future.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Reliability and Resiliency<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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As Ontario\u2019s seventh-largest electricity distributor, we take immense pride in overseeing and maintaining a vast network of powerlines\u2014enough to span almost all the way across Canada – from St John, New Brunswick, to Kamloops, British Columbia. Our commitment to excellence and stewardship of this critical infrastructure is second to none.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Customer Experience & Public Safety<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Whether we\u2019re answering a phone call or meeting customers at their property, we put our customers at the center of everything we do. We listen closely to each customer, tailoring our support to their unique needs and ensuring they have the information and assistance they need, quickly and with care.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Sustainability and environmental stewardship are important factors in all of Enova\u2019s work. We believe in protecting and fostering the natural environment around us while working to introduce sustainable energy sources and renewable resources across our electricity grid.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Partnerships & community support<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Collaboration is how we move forward. By joining forces with community groups and industry partners, we spark new ideas, tackle challenges together, and create positive impacts in the communities we\u2019re honoured to serve.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Financial Performance<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Enova Power Corp. had a successful financial year in 2025, with a 24% increase in net income compared to 2024.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Next Section<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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About Enova<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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We are the backbone of our communities. That\u2019s why we work around the clock to ensure our customers have power they can rely on. What we do matters to the people and businesses in our communities, and we have the proven responsiveness and experience to support our customers and keep them safe.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Continue<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Enova Power Corp. 2025 Report Powering Prosperity Sandra MacGillivrayChair,\u00a0Enova Power Corp. Greig CameronPresident and CEO,Enova Power Corp. Message From the Chair and CEO As Chair of the Board and President and Chief Executive Officer of Enova Power Corp., we are pleased to present Enova Power\u2019s 2025 Annual Report, reflecting a year of strong performance and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-4070","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\n2025 Report - Enova Power Reports<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enovapower.com\/reports\/2025-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2025 Report - Enova Power Reports\" \/>\n<meta property=\"og:description\" content=\"Enova Power Corp. 2025 Report Powering Prosperity Sandra MacGillivrayChair,\u00a0Enova Power Corp. Greig CameronPresident and CEO,Enova Power Corp. Message From the Chair and CEO As Chair of the Board and President and Chief Executive Officer of Enova Power Corp., we are pleased to present Enova Power\u2019s 2025 Annual Report, reflecting a year of strong performance and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enovapower.com\/reports\/2025-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Enova Power Reports\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-13T12:33:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/enovapower.com\/reports\/wp-content\/uploads\/sites\/2\/2023\/03\/Sandra-ES1_7802.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enovapower.com\/reports\/2025-report\/\",\"url\":\"https:\/\/enovapower.com\/reports\/2025-report\/\",\"name\":\"2025 Report - Enova Power Reports\",\"isPartOf\":{\"@id\":\"https:\/\/enovapower.com\/reports\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enovapower.com\/reports\/2025-report\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enovapower.com\/reports\/2025-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/enovapower.com\/reports\/wp-content\/uploads\/sites\/2\/2023\/03\/Sandra-ES1_7802.jpg\",\"datePublished\":\"2026-01-27T16:45:56+00:00\",\"dateModified\":\"2026-05-13T12:33:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enovapower.com\/reports\/2025-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enovapower.com\/reports\/2025-report\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enovapower.com\/reports\/2025-report\/#primaryimage\",\"url\":\"https:\/\/enovapower.com\/reports\/wp-content\/uploads\/sites\/2\/2023\/03\/Sandra-ES1_7802.jpg\",\"contentUrl\":\"https:\/\/enovapower.com\/reports\/wp-content\/uploads\/sites\/2\/2023\/03\/Sandra-ES1_7802.jpg\",\"width\":500,\"height\":500},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enovapower.com\/reports\/2025-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enovapower.com\/reports\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"2025 Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enovapower.com\/reports\/#website\",\"url\":\"https:\/\/enovapower.com\/reports\/\",\"name\":\"Enova Power Reports\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enovapower.com\/reports\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"2025 Report - Enova Power Reports","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enovapower.com\/reports\/2025-report\/","og_locale":"en_US","og_type":"article","og_title":"2025 Report - Enova Power Reports","og_description":"Enova Power Corp. 2025 Report Powering Prosperity Sandra MacGillivrayChair,\u00a0Enova Power Corp. 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Message From the Chair and CEO As Chair of the Board and President and Chief Executive Officer of Enova Power Corp., we are pleased to present Enova Power\u2019s 2025 Annual Report, reflecting a year of strong performance and […]","og_url":"https:\/\/enovapower.com\/reports\/2025-report\/","og_site_name":"Enova Power Reports","article_modified_time":"2026-05-13T12:33:03+00:00","og_image":[{"width":500,"height":500,"url":"https:\/\/enovapower.com\/reports\/wp-content\/uploads\/sites\/2\/2023\/03\/Sandra-ES1_7802.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enovapower.com\/reports\/2025-report\/","url":"https:\/\/enovapower.com\/reports\/2025-report\/","name":"2025 Report - Enova Power Reports","isPartOf":{"@id":"https:\/\/enovapower.com\/reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enovapower.com\/reports\/2025-report\/#primaryimage"},"image":{"@id":"https:\/\/enovapower.com\/reports\/2025-report\/#primaryimage"},"thumbnailUrl":"https:\/\/enovapower.com\/reports\/wp-content\/uploads\/sites\/2\/2023\/03\/Sandra-ES1_7802.jpg","datePublished":"2026-01-27T16:45:56+00:00","dateModified":"2026-05-13T12:33:03+00:00","breadcrumb":{"@id":"https:\/\/enovapower.com\/reports\/2025-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enovapower.com\/reports\/2025-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enovapower.com\/reports\/2025-report\/#primaryimage","url":"https:\/\/enovapower.com\/reports\/wp-content\/uploads\/sites\/2\/2023\/03\/Sandra-ES1_7802.jpg","contentUrl":"https:\/\/enovapower.com\/reports\/wp-content\/uploads\/sites\/2\/2023\/03\/Sandra-ES1_7802.jpg","width":500,"height":500},{"@type":"BreadcrumbList","@id":"https:\/\/enovapower.com\/reports\/2025-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enovapower.com\/reports\/"},{"@type":"ListItem","position":2,"name":"2025 Report"}]},{"@type":"WebSite","@id":"https:\/\/enovapower.com\/reports\/#website","url":"https:\/\/enovapower.com\/reports\/","name":"Enova Power Reports","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enovapower.com\/reports\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/enovapower.com\/reports\/wp-json\/wp\/v2\/pages\/4070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enovapower.com\/reports\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/enovapower.com\/reports\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/enovapower.com\/reports\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/enovapower.com\/reports\/wp-json\/wp\/v2\/comments?post=4070"}],"version-history":[{"count":115,"href":"https:\/\/enovapower.com\/reports\/wp-json\/wp\/v2\/pages\/4070\/revisions"}],"predecessor-version":[{"id":5141,"href":"https:\/\/enovapower.com\/reports\/wp-json\/wp\/v2\/pages\/4070\/revisions\/5141"}],"wp:attachment":[{"href":"https:\/\/enovapower.com\/reports\/wp-json\/wp\/v2\/media?parent=4070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}