Hydro-sherbrooke records net earnings of $22.6 million for 2017

Hydro-sherbrooke has submitted its 2017 annual report to city council recording a net income of $22.6 million for 2017, $4.8 million more than anticipated. This result is attributable to excellent winter peak management (a record 528 MW in 2017) as well as sound management of the operating budget. Hydro-sherbrooke sales reached nearly $178 million last year.

Highlights of the annual report include the introduction of the new online subscription portal. This automated subscription offers customers free subscription costs and allows them to make their requests outside of business hours.

Since June 2013, Hydro-sherbrooke has been offering a subsidy for charging stations for electric vehicles to reduce greenhouse gases. The year 2017 saw a new subsidy record for a total of $86,000, for 172 stations. "In order to fully evaluate all the opportunities in this market, the management committee has used external support and the results of our work confirm that the current subsidy is a good way to reduce GHGS. Sherbrooke is also the Quebec municipality with the largest number of electric vehicles per capita, "explained the Chair of Hydro-sherbrooke’s executive committee, councilor, Julien Lachance.

Among the main projects envisaged for 2018 is the commissioning of the new Massé substation, the utility’s fourth.