Parker Gallant exposes the impact of municipalities usage of LDC's -- as with most things these days, that impact is higher electricity costs.
"Toronto Hydro-Electric isn’t the only local distribution company (LDC) that is seeking increases as Hydro Ottawa also has sought significant rate increases for similar reasons. Hydro Ottawa also has paid out 60% of their after PIL profits to their shareholder, the City of Ottawa whose council endorsed the payment of 60% or more of Hydro Ottawa’s earnings be paid to them; and over the past 6 years dividends paid were $104.8 million."
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