Tuesday, November 15, 2016

TORONTO HYDRO ZAPS CITY FOR $35 MILLION

Councillor Gord Perks:
“Hydro recently had a rate increase so there’s no reason they should be doing this. Their claim they’re having trouble meeting their capital needs is just false. Their rate increase was enough to meet their capital needs. The math doesn’t add up. The responsibility is to their shareholder — the City of Toronto. I want a full accounting from Toronto Hydro to understand why they’re violating their shareholder agreement.”
 

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