Veridian Corporation is one of Ontario's largest, best performing electricity distribution companies with a track record of successful mergers and acquisitions. We are committed to providing effective, efficient and reliable service to our customers, and to continue to be a strong strategic partner with our shareholder communities. Our vision is to be a local, provincial and global leader in the provision of innovative energy solutions that are the cornerstone for creating the sustainable communities of tomorrow.
Veridian's key business goals are to:
- Deliver superior growth of the distribution business and related businesses.
- Earn return on equity that exceeds regulated returns.
- Be in the top 10% of utilities for customer satisfaction.
- Be in the top 25% of utilities for system reliability.
- Provide a service that customers find has high value and low cost.
- Reduce annual green house gas emissions.
- Continue to achieve zero lost-time injuries.
- Provide a workplace for employees that is engaging and rewarding.
Veridian is owned by four shareholders: the City of Pickering (41.0%), the Town of Ajax (32.1%), the Municipality of Clarington (13.6%),
and the City of Belleville (13.3%). These progressive communities set out to establish an energy company that would deliver low cost, high reliability service to support quality of life and economic growth. Veridian remains committed to that vision.
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