Toronto Hydro-Electric System Receives Decision on its 2012 and 2013 Rate Application
Ontario Energy Board Issues the Decision for both capital infrastructure
and Bremner Station
TORONTO, April 2, 2013 /CNW/ – Today, Toronto Hydro-Electric System
(“Toronto Hydro”) has received the Ontario Energy Board’s (OEB)
Decision and Order for its application for the 2012 and 2013 capital
infrastructure plan (ICM) and also for its application for Bremner
Transformer Station in downtown Toronto.
The OEB has strongly endorsed Toronto Hydro’s capital investment
program, its methodology and execution. Citing the strength of the
utility’s evidence, the OEB supports the investment program which is
intended to enhance safety and reliability of the distribution system
for the benefit of customers and employees.
The decision provides for an increase in capital spending to address
aging electricity distribution infrastructure, and allows for the
construction of the new Bremner Transformer station in downtown Toronto
to relieve existing stations and provide for future load growth in the
area. Bremner Station will be the first transformer station built in
downtown Toronto since the 1960′s.
Due to the complexity and length of the decision, Toronto Hydro will
need some time to review it in detail, analyze its meaning for the
business and the impact on rates. Toronto Hydro appreciates the careful
consideration that the OEB has given the application.
About Toronto Hydro
The principal business of the Corporation and its subsidiaries is the
distribution of electricity by Toronto Hydro-Electric System
Limited. Toronto Hydro-Electric System owns and operates an electricity
distribution system, which delivers electricity to approximately
719,000 customers located in the City of Toronto. It is the largest
municipal electricity distribution company in Canada and distributes
approximately 19% of the electricity consumed in the Province of
SOURCE Toronto Hydro Corporation