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Toronto Hydro requests rate increases

If approved, the plan would raise the total bill for residential customers by about $3.54 per month

Toronto Hydro has submitted a five-year rate application it says it needed to invest in the city's aging electricity grid.

The plan calls for $4 billion in funding to replace aging assets, meet growing demand, improve reliability and safeguard against extreme weather events.

If approved, the plan would raise the total bill for residential customers by about $3.54 per month for the average household -- for each of the next five years.

For 2015, the plan calls for a rate increase of just over 2.5 per cent, or $3.10 per month for the average household. The application is subject to approval by the Ontario Energy Board.

Toronto Hydro delivers electricity to about 733,000 customers in Toronto, making it the largest municipal electricity distribution company in Canada.

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  1. Karl Burgin posted on 08/01/2014 09:06 AM
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    Toronto Hydro's plan to increase rates like this deserves a face-palm.... followed by expletives....
  2. Stephen posted on 08/01/2014 10:50 AM
    Someone has to say no!
    1. john posted on 08/01/2014 12:57 PM
      @Stephen dont count on it . liberals are the greedy bastards in the plaint dont be leave me look of what is happing in the USA .
    2. We Asked For This posted on 08/01/2014 01:50 PM
      @Stephen We had a chance to say NO on June 12. What we did instead was drop our pants, bend over, and grab our ankles while the Wicked Wynne of the West greased up her "revenue tool."
    3. dama posted on 08/01/2014 02:09 PM
      @We Asked For This I can visualise your descriptions.. Ouch.. by "revenue tool"

      lol
    4. We Asked For This posted on 08/01/2014 02:46 PM
      @dama I pride myself on descriptive use of language :)
  3. I Hate Money posted on 08/01/2014 12:07 PM
    Good, more hydro rate increases! I was starting to get worried that I'd actually have any money left from my paycheque for myself every month. Thank god we didn't elect a provincial government that would have cracked down on waste in the public sector and left us in a position where we didn't need that increase!
  4. ToddK_2 posted on 08/01/2014 12:12 PM
    Give them credit, the unions mobilized and got the Liberals back in, so much for democracy and a fair voting population. Us non-unionized people needed to show up and we didn't. Our cost of living will forever increase to a point of unsustainability.
    1. Frankie posted on 08/01/2014 12:33 PM
      @ToddK_2 We showed up. The problem is the civil service keeps growing so it becomes a self-fulfilling prophecy to keep re-electing the Liberals as they keep hiring their supporters with our money.
  5. john posted on 08/01/2014 01:07 PM
    see i told people liberals are scum and again i was right . this is what people get when i vote for a bunch of blood sucking vampires . this is what u will get . thay dont care about u . they want your money . they want u to go broke so u end up being dependent on them for money . and they will not give u a cent . only good thing is they are not ruining the whole country as long as we keep them out of Ottawa we will be fine .
    1. ToddK_2 posted on 08/01/2014 01:15 PM
      @john They are beyond broke and guess what? their new budget has massive spending. Even with the HST tax grab, you can bet our taxes will raise significantly and don't think for a second we won't see new scandals in a few years.
  6. dama posted on 08/01/2014 01:14 PM
    "For 2015, the plan calls for a rate increase of just over 2.5 per cent, or $3.10 per month for the average household."

    So it is $40.05(including taxes) per year per household.. I guess I have to rob Peter and Mary to pay Paul.. .. there goes the Friday night Swiss Chalet Family pack..
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