Toronto Hydro Statement:
TORONTO, Sept. 13, 2013 /CNW/ - Toronto Hydro ("The Company") is aware of Mr. Tom Adams' continued criticism about the operations of The Company and President and CEO Anthony Haines.
"I regret that this continues to be an issue despite a rigorous review by the Board and the fact that Mr. Haines has apologized to the Board and City Council for any concerns that this matter has caused," says David Williams, Chair of the Board, Toronto Hydro Corporation. "I have great confidence in Mr. Haines' ability to lead the company as he has over the past 8 years."
Mr. Haines adds, "I wish to reiterate that I have never deliberately misrepresented myself. I did complete the prerequisite program to gain my entrance into the Institute of Chartered Accountants articling program. My intention was not to mislead, and I apologize for the confusion."
"Toronto Hydro is an important partner in a growing Toronto," says His Worship, Mayor Ford. "Together we are focused on a number of major projects including the 2015 Pan Am/Para Pan Games, redevelopment of the Waterfront, and completing some of our city's largest capital construction programs."
Toronto Hydro is a regulated utility and as such all of its activities are subject to an extremely rigorous, detailed, principled and transparent process. Every aspect of the business, from the delivery rates ratepayers pay, to construction programs, and to every form of interaction with customers, is subject to oversight by the Ontario Energy Board. Ratepayers are fully engaged in these regulatory processes. The suggestion that there is some core inaccuracy or complacency of Toronto Hydro's work is simply unsustainable given these safeguards, to say nothing of the employees' commitment to excellence.
SOURCE Toronto Hydro CorporationFor further information:
Contact: Tanya Bruckmueller