Hydro One Networks Inc. ats Reset Electronics Inc.
2022 ONSC 6849“I found [Mr.] McEvoy’s evidence to be more persuasive than that of [Plaintiff’s expert]. His account of the relevant facts was more thorough and relied much less on information provided by [the Plaintiff’s representative]. He was more open to consider challenges to his opinion and was better at justifying his conclusions.”
”As a result, had I found Hydro One responsible for Reset’s losses, I would have limited damages awarded to the lost profits calculated in McEvoy’s report.”
- Judgment in 2022 ONSC 6849This action involved a claim by a failed entity, Reset Electronics Inc., against Hydro One Networks Inc. relating to Hydro One’s handling of rebate programs related to the sale and installation of efficient lighting.
CHS was retained by Counsel for Hydro One as financial experts to quantify the losses allegedly suffered by Reset and to comment on the Plaintiff’s expert report. CHS also assessed the financial information and viability of the Plaintiff and considered whether there was alternative causes for its failure.
The trial judge determined that Reset did not have any claim for losses. However, the trial judge noted that, had she found Hydro One responsible for Reset’s losses, she would have limited the damages award to the lost profits calculated in the CHS report.