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 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 that 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 1960s.
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.
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 about 719,000 customers located in the city of Toronto. It distributes about 19 percent of the electricity consumed in the province of Ontario.