Town of Ajax General Government Committee Agenda Packet 2026-06-15
Hydro One Receives Substation Supply Contribution
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Description
Elexicon subsidiary paid a $3.24 million capital contribution to Hydro One Networks Inc. for Seaton transformer station construction and supply, with contractual obligations for future true-ups through 2037.
Contract Details
Contract Amount
$3,244,000 (capital contribution, paid January 2025)
Vendor
HYDRO ONE NETWORKS INC
Agency
Town of Ajax, Canada
Contract Type
CONSTRUCTION
Document Date
June 15, 2026
Contract Term
Supply agreement with true-ups due at 5th, 10th, 15th anniversaries (Dec 2027, 2032, 2037)
Renewal Date
2037-12-31
Renewal Info
Future true-ups are required at 5th (2027), 10th (2032), and 15th (2037) anniversaries; base capital contribution paid January 2025; obligations extend as per agreement schedule.
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