Saturday, December 31, 2011

Hydro mulls order to cut $3M

Hydro mulls order to cut $3M:
This article from the Ottawa Citizen is another example of a local distribution company seeking rate increase, but the big news is the Ontario Energy Board told them to control their expenses instead.
"Alta Vista Councillor Peter Hume, who sits on the holding-company board, said that in a way, the board's ruling speaks well of the company's management, which has turned more money than expected over to the city, as its sole shareholder, than had been projected over the last several years.
"The OEB has said hey, you're doing such a great job at managing against revenue expectations, you can take some of that from your rates," he said."

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