NEWS
 
Toronto Hydro not hiking rates to pay for ice storm
CEO Anthony Haines says they'll use profit earned during the summer to help cover the costs....
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You're not going to be asked to shoulder the financial load of the ice storm, at least not by Toronto Hydro.

CEO Anthony Haines said Monday, that the utility had a very profitable summer, and they are going to use some of that extra money, to cover the 12.9 million dollar cost of the December ice storm.

Most of the cost goes to the labour of the wire workers, who worked around the clock getting the power turned back on to hundreds of thousands of customers around the city.

Haines said, "Our customers stuck with us, and they were out of power and I just didn't feel right asking them to pay."

"We've made a decision, we will not be asking the Ontario Energy Board for any relief due to the storm costs, therefore our customers will not be asked to absorb those costs. We think that's a fair settlement for everybody".

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5 0

You're not going to be asked to shoulder the financial load of the ice storm, at least not by Toronto Hydro.

CEO Anthony Haines said Monday, that the utility had a very profitable summer, and they are going to use some of that extra money, to cover the 12.9 million dollar cost of the December ice storm.

Most of the cost goes to the labour of the wire workers, who worked around the clock getting the power turned back on to hundreds of thousands of customers around the city.

Haines said, "Our customers stuck with us, and they were out of power and I just didn't feel right asking them to pay."

"We've made a decision, we will not be asking the Ontario Energy Board for any relief due to the storm costs, therefore our customers will not be asked to absorb those costs. We think that's a fair settlement for everybody".

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