The deliberate integration of our ESG agenda into our long-term plan not only helps guide our teams and drive us toward real progress for communities, it helps with our ability to seek out and invest in meaningful projects.
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Pursuing growth and providing value – 2021 performance update
As part of the long-term planning process, we consider opportunities where EPCOR can demonstrate its strengths in the industry across North America, bringing experience, innovation and commitment to jurisdictions that require solid management of utilities and safe, reliable services for their customers. This past year saw EPCOR do just that.
In the U.S., we finalized the acquisition of Johnson Utilities, now referred to as the San Tan operations, including water treatment and distribution, and wastewater collection and treatment. We also completed the latest expansion at the Luke 303 Wastewater Reclamation Facility in Arizona, were selected to develop a new leading-edge wastewater facility for Lake Oswego, and are starting the Pecan Wastewater Reclamation plant expansion in the San Tan Valley.
As these projects further established EPCOR’s value in the utility sector in the southern U.S., our time in owning and operating the water utility system in Bullhead City came to a close. This was driven by a two-year process in which Bullhead City pursued expropriation of the utility for operation and management by the municipality. Following the posting of a bond in mid-2021, and assessment to determine fair value for purchase of the utility system, EPCOR and Bullhead City mutually agreed on a settlement and concluded the process in early 2022.
In Canada, we entered into a 30-year agreement with Ontario Power Generation to develop and operate a water treatment plant that will provide ultra-pure demineralized water to the Darlington Nuclear Generating Station. In Ontario’s Southern Bruce region, we reached nearly 300 kilometres of installed pipeline as part of our work to bring natural gas to industrial, agricultural and residential customers; and in mid-2021, the province of Ontario announced that EPCOR will receive $20-million in funding for a proposed project to extend natural gas service to customers in the municipality of Brockton.
As we move forward, the board and senior leadership will continue its oversight of our Enterprise Risk Management framework, identifying, managing and monitoring risks that may impact EPCOR’s operations and long-term plans.
With these measures in place, we will consider investments where we can bring proven expertise and valuable service to communities, and make investments in renewable energy generation that support our commitment to reducing our environmental footprint and demonstrating leadership in sustainability.
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