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February 9, 2004
Hudson's Bay Co becomes first Ont retailer to buy green power
TORONTO, ONT-Hudson's Bay Company (Hbc), Canada's oldest corporation and largest department store retailer, has signed a green power purchase agreement with Ontario Power Generation (OPG). Over the next year, Hbc will buy 1,000 megawatt-hours of OPG's Evergreen(tm) Energy green power-electricity produced from renewable sources such as wind, low-impact hydroelectric, biomass and solar-for use at its downtown Toronto flagship store. The initiative builds upon Hbc's existing environmental activities. Starting in 2000, energy retrofits (e.g. heating ventilation and air-conditioning, and lighting systems), recycling programs, and associate awareness and incentive initiatives, have been carried out in more than 300 Bay, Zellers and Home Outfitters stores across Canada. The company has already reduced its energy costs by about $5.9 million and expects to have the retrofits completed in all of its stores within three years. "This program has helped us avoid the production of 50,000 metric tons of greenhouse gas emissions," said Fred Ware, director of national services for Hbc. "Our purchase of Green Power should enable us to drop this number even further," he added.