In today's world, electricity is essential, expected
and an economic driver. We at Veridian work hard to
ensure that there is a uniform flow of electricity,
available when it is needed and delivered in an efficient
and safety-conscious manner, by knowledgeable skilled
trades people, with accurate billings and friendly customer
service personnel. We take great pride in our professional
staff and managers for their efforts, their unparalleled
safety record of 2.8 million hours without a lost-time
injury and their remarkable dedication to service and
community involvement.
For our shareholders - the City of Pickering, the Town
of Ajax, the Municipality of Clarington and the City
of Belleville - success means the longevity of the utility
and the provision of optimal value and return on investment.
Since our inception in 1999 as the seventh largest municipally-owned
regulated distribution company in Ontario, distinct
from our smaller and varied predecessor municipal utilities,
Veridian has paid almost $80 million in interest and
dividends to our shareholders. In 2010, to protect those
interests and improve assets, Veridian invested a record
$25 million in capital expenditures including the $6
million, LEED eligible, expansion of our corporate headquarters
so that we could combine our operations, bringing staff
together under one roof as we prepare for the future.
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