The Globe and Mail
April 3, 2013
Upgrading aging Toronto Hydro infrastructure to cost customers $3 a month
The Ontario Energy Board has approved most of a $750-million spending plan to improve Toronto’s aging hydro equipment.
The two-year development plan, which Toronto Hydro says is needed to prevent blackouts, will increase hydro bills in the city by about $3 a month.
The accepted proposal comes more than a year after Toronto Hydro unsuccessfully proposed a three-year $1.5-billion plan that would have cost customers an additional $5 per month.
A major part of the spending plan is a $184-million transformer station on Bremner Boulevard that will back up the existing one in the downtown core.