Algoma Power

What Algoma Power does

Algoma Power Inc. is a regulated electricity distribution utility serving approximately 12,000 customers across the Algoma District of Northern Ontario, a service territory spanning approximately 14,200 square kilometers from Wawa to Thessalon. The company operates more than 1,800 kilometers of distribution lines, substations, meters, and associated grid management systems, and has delivered electricity distribution services to the region for over 100 years. Algoma Power is a subsidiary of FortisOntario Inc., which is itself wholly owned by Fortis Inc., the largest investor-owned electric distribution utility in Canada. Headquartered at 251 Industrial Park Crescent in Sault Ste. Marie, the company employs approximately 60 full-time staff and operates under a regulated franchise model with rates approved by the Ontario Energy Board (OEB).

The company's core product is regulated electricity distribution across three primary customer segments: residential, seasonal (cottages and vacation properties), and commercial/general service (customers with demand ≥50 kW, billed on a demand basis). Beyond core delivery, Algoma Power offers a suite of supplementary services including a real-time interactive outage map, net metering for customer-owned renewable generation, distributed energy resources (DER) connection procedures for solar, wind, and storage, Electric Vehicle (EV) charging infrastructure support with a load/hosting capacity map, the Green Button data standard for secure customer data sharing, and the Save on Energy rebate suite operated in partnership with the IESO. Financial assistance programs include the Ontario Electricity Support Program (OESP) and Low-income Energy Assistance Program (LEAP).

Revenue is generated through OEB-approved usage-based distribution charges — including a maximum monthly base distribution charge of $42.88 in 2025 rising to $44.47 effective July 1, 2026 under the Distribution Rate Protection (DRP) program — supplemented by demand-based commercial billing and unmetered street lighting services for municipalities. The go-to-market model is direct-to-customer electricity delivery through owned infrastructure; Algoma Power delivers electricity regardless of which competitive retailer customers select for commodity supply. Distribution channels include a corporate website, a customer portal (myaccount.cnpower.com), social media (Facebook, Twitter), email newsletters, paperless billing, and a 24-hour emergency line. Marketing and customer engagement emphasize outage communication, energy efficiency programs, and rate plan education.

Name

Algoma Power

Legal name

Algoma Power Inc.

Website

https://algomapower.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

Algoma Power Inc. is a regulated electricity distribution utility serving approximately 12,000 residential, seasonal, and commercial customers across the 14,200 sq km Algoma District of Northern Ontario, operating as a subsidiary of FortisOntario Inc.

Ownership category

akta.pro rank

Product category

Electric Utility Distribution

NAICS

Electric Power Distribution (221122)

SIC

Electric Services (4911)

akta.pro primary industry

Investor-Owned Electric Distribution Utilities (IOUs) (EUADABAA)

akta.pro secondary industries

Electric Distribution System Owners (Wires-Only Companies) (EUADABAI), EV Charging Grid Integration Services (Utility Make-Ready, Load Management Integration) (EUAEANAJ)

Keywords

• Electricity distribution
• Regulated utility
• Grid operations
• Energy efficiency programs
• Renewable interconnection

Headquarters

HQ city

Sault Sainte Marie

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D

Revenue model

1. Electricity Distribution Services: Revenue generated from distributing electricity to approximately 12,000 customers across the Algoma District. Rates are regulated by the Ontario Energy Board (OEB). Customers can purchase electricity from retailers, but Algoma Power remains responsible for delivering that electricity over their power lines.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Algoma Power is a regulated electric distribution utility that delivers electricity to approximately 12,000 residential, seasonal, commercial, and municipal customers across the Algoma District of Northern Ontario through 1,800+ kilometers of owned distribution lines. It charges distribution rates approved by the Ontario Energy Board, regardless of which retailer customers buy electricity from, and supplements core distribution with programs such as Net Metering, Distributed Energy Resources (DER) interconnection, EV charging support, Green Button data access, Save on Energy rebates, street lighting, and low-income bill assistance programs.

Product overview

Algoma Power is an electric distribution utility company serving approximately 12,000 customers across the Algoma District in Northern Ontario, spanning approximately 14,200 square kilometers with more than 1,800 kilometers of distribution lines. The company operates as a subsidiary of FortisOntario Inc. and offers a comprehensive suite of electricity distribution services including residential, commercial, and seasonal electricity services. Core offerings include electricity distribution and delivery, outage management through a real-time outage map, meter reading, and billing services. The company also provides various add-on programs including Net Metering for renewable energy connections, Electric Vehicle (EV) charging support, Green Button data access for third-party energy management apps, and the Save on Energy Programs suite offering rebates for energy-efficient upgrades. Financial assistance programs include the Ontario Electricity Support Program (OESP) and Low-income Energy Assistance Program (LEAP). Supporting services include tree trimming, electrical inspections coordinated through the Electrical Safety Authority, street lighting, and underground cable locate services through Ontario One Call.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Electricity Distribution Service Regulated electricity distribution and delivery service for residential customers in the Algoma District, including meter reading, billing, customer service, and access to TOU, Tiered, or ULO price plans.
• Commercial / General Service Electricity Distribution Electricity distribution service for commercial and general service customers with demand equal to or greater than 50 kilowatts, billed on a demand basis and supported by commercial rates and energy efficiency programs.
• Seasonal Electricity Distribution Service Seasonal electricity distribution service for seasonal properties (cottages, vacation homes) with seasonal rates, meter reading, electrical inspections, and tree trimming support.
• Municipal Street Lighting Service Unmetered street lighting service for municipalities across the Algoma District, billed monthly based on connection load and established hours of use per the OEB street lighting load shape template.
• Net Metering Program Program that allows eligible customers to send surplus electricity generated from renewable resources to Algoma Power's distribution system and receive credits toward electricity consumed.
• Distributed Energy Resources (DER) Connection Service Interconnection service for distributed energy resources (including Micro DER up to 12 kW and larger solar, wind, and energy storage systems) following the Ontario Energy Board's DER Connection Procedures.
• Electric Vehicle (EV) Charging Infrastructure Support Support services and opt-in rates for residential and non-residential EV charging station installations, including preliminary consultation forms, site selection assistance via the Load Capacity Map, and EV charging rate enrollment.
• Green Button Data Access Service Service that provides Algoma Power customers secure access to download or share their electricity usage data in an industry-standard XML format with authorized third parties via Download My Data (DMD) and Connect My Data (CMD) options.
• Save on Energy Programs Suite of energy efficiency incentive programs delivered in partnership with the Independent Electricity System Operator (IESO) Save on Energy initiative, offering rebates and incentives such as Peak Perks, Small Business, Instant Discounts, Retrofit, XLerate, Expanded Energy Management, Energy Performance, Existing Building Commissioning, and Peak Performance to qualifying residential and commercial customers.

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• Ontario Energy Board (OEB)coreOthersThe Ontario Energy Board is the regulatory authority that approves Algoma Power's rates and oversees the Distribution Rate Protection program. Algoma Power follows OEB's Distributed Energy Resources Connection Procedures and other regulatory requirements.
• Ontario One CallcoreStrategic or Co-development PartnerOntario One Call handles underground cable locates for Algoma Power customers. Customers can call 1-800-400-2255 or use the Ontario One Call website to request locates before digging.
• Electrical Safety Authority (ESA)coreStrategic or Co-development PartnerThe Electrical Safety Authority handles all electrical inspections in Ontario, checking that electrical work meets requirements defined in the Ontario Electrical Safety Code. ESA inspections are required for all electrical installations, renovations, and alterations.
• Save on Energy (IESO Program)coreChannel Partner/ Reseller/ DistributorSave on Energy is a program of the Independent Electricity System Operator (IESO) that provides rebates and programs for energy efficiency upgrades. Algoma Power participates in offering these programs to residential and commercial customers.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Hydro One: Ontario's largest transmission and distribution utility with significant Northern Ontario exposure. Although it also owns transmission assets and is provincially owned, its distribution operations and rural Northern grid profile overlap meaningfully with Algoma Power's service territory.
• Toronto Hydro: Municipal electricity distributor serving Toronto, regulated by the OEB. While much larger and municipally owned rather than investor-owned, it operates the same wires-only distribution business under the same Ontario regulatory framework, making it a strong benchmark.
• Alectra Utilities: Largest municipally owned LDC in Ontario (formed via merger of several municipal utilities), serving >1 million customers across the GTA under OEB oversight. Comparable as a large Ontario distribution utility facing the same regulatory regime.

Direct peers

• London Hydro: Mid-sized Ontario LDC serving the City of London under OEB oversight. Comparable size and operating model to Algoma Power among Ontario's wires-only distribution utilities.
• Oakville Hydro: Small-to-mid Ontario LDC serving the Town of Oakville, regulated by the OEB. Provides a useful size and structure benchmark for Algoma Power among Ontario's wires-only distributors.
• Hydro Ottawa: Investor-owned (sort of — owned by the City of Ottawa) Ontario LDC regulated by the OEB. Operates a similar urban/suburban wires-only distribution model with analogous rate-application and customer-program structures.
• Greater Sudbury Hydro: Northern Ontario municipal LDC serving the City of Greater Sudbury under OEB oversight. Direct geographic and climatic peer to Algoma Power, facing similar Northern Ontario weather, terrain, and customer-mix conditions.
• Newfoundland Power: Investor-owned regulated electric distribution utility (subsidiary of Fortis Inc.) serving ~270,000 customers across Newfoundland. Same Fortis ownership lineage as Algoma Power, similar small-investor-owned LDC profile, similar weather-driven reliability and capex profile.
• FortisOntario Inc. Direct parent of Algoma Power and Canadian Niagara Power and the only investor-owned electric distribution utility in Ontario. Operates the same regulated LDC model under the OEB and shares the same capital allocation and corporate governance framework.
• Canadian Niagara Power: FortisOntario subsidiary that operates as a regulated electricity distributor in the Niagara Region. Same parent (FortisOntario/Fortis Inc.), same OEB regulator, and wires-only distribution business model make it the closest direct peer to Algoma Power.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/APIpower
• Facebookfacebook.com/AlgomaPower
• LinkedInlinkedin.com/company/algoma-power-inc-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Algoma Power