Despite the global pandemic, regulatory changes as a result of the global crisis and our recent merger transformation between Veridian Connections and Whitby Hydro in 2019, Elexicon Corporation experienced a strong financial performance in 2020. Thanks to our fiscal prudence and merger synergies, Elexicon Corporation had a net income of $12.5 million and capital investment of $46.1 million.
In economic value and benefits delivered in 2020. Value created by Elexicon Corporation is fundamentally measured in terms of financial performance and operational excellence.
In addition, the Province of Ontario and the communities we serve derive other economic benefits that, in 2020, amounted to more than $109 million.
In capital expenditures in 2020. Investments in electricity distribution infrastructure to serve the needs of our growing communities.
In operating expenses in 2020. Property taxes, water costs, facility costs, professional fees, local purchasing, employee compensation and benefits, etc.
Dividends paid or payable to our shareholders for reinvestment in our communities.
Payments to capital Providers and Government. Interest and payments in lieu of taxes.
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