Annual Report

Festival Hydro Inc. has continued to meet or exceed best business practice financial measurements as well as those financial tools tracked and assessed by The Ontario Energy Board. A solid governance framework and continuous tracking of Key Performance Indicators ensures that Festival Hydro is not placed in a position of undue financial risk, or where assets are unprotected, inadequately maintained, or unnecessarily risked. Through yearly environmental scans we are able to monitor and assess the dynamic and constantly changing political, social, ecological and economic impacts in order to consider preparatory and mitigatory measures when necessary. This helps us to ensure that we are meeting our goal of providing a safe, reliable, and cost-effective electrical system for our customers while retaining and enhancing shareholder value.

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