TORONTO HYDRO OFFERS FREE ENERGY CONSERVATION WORKSHOPS TO LOCAL BUSINESS CUSTOMERS

TORONTO, June 17, 2011 /CNW/ - Toronto Hydro-Electric System Limited ("Toronto Hydro") today launched the first in a series of free workshops for its business customers. The workshops explain the Conservation and Demand Management (CDM) programs that are available to help companies make smart investments in energy efficiency.

Research conducted recently by Toronto Hydro with business customers indicated that approximately 75% of Toronto Hydro's business customers plan to participate in electricity conservation programs in 2011, and approximately 79% of respondents said that electricity conservation programs would be good for their bottom line. The majority (68%) also said that electricity conservation could be a good way to build their company's reputation.

"We're listening to our customers, and they're telling us they want to learn more about how energy efficiency can help their company's bottom line," said Chris Tyrrell, Vice-President, Customer Care & Chief Conservation Officer. "The workshops will provide practical information so that those with accountability for operations and facilities management can use what they learn to implement energy-smart solutions that deliver attractive financial returns."

Driven by customer demand, Toronto Hydro's free workshops will be scheduled through this coming summer and fall. Energy Consultants from Toronto Hydro will walk through the process of applying for and implementing the following incentive programs:

  • Audit Funding. Financial incentives of up to 50% of the cost of an energy audit are available to help identify costs and benefits of implementing energy efficiency projects and in prioritizing energy management projects.

  • Retrofit Program. Financial incentives are available when customers replace existing inefficient equipment with high-efficiency equipment and when new energy control systems are installed.

  • High Performance New Construction. Financial incentives and design assistance are offered to building owners and architects of new commercial and institutional buildings who exceed the minimum occupancy requirements of the Ontario Building Code.

  • Demand Response. Regular monthly payments are made when customers reduce their energy consumption to a predetermined amount during periods of peak demand.

Customers can sign up for the CDM workshops by emailing cdm@torontohydro.com.

About Toronto Hydro

Toronto Hydro Corporation is a holding company which, through its principal subsidiaries:

  • Toronto Hydro-Electric System Limited ("LDC") - distributes electricity and engages in Conservation and Demand Management activities; and
  • Toronto Hydro Energy Services Inc. ("TH Energy") - provides street lighting services.

The principal business of the Corporation is the distribution of electricity by LDC. LDC owns and operates an electricity distribution system that delivers electricity to approximately 700,000 customers located in the City of Toronto.

The information in these materials is based on information currently available to Toronto Hydro Corporation and its affiliates (together hereinafter referred to as "Toronto Hydro"), and is provided for information purposes only. Toronto Hydro does not warrant the accuracy, reliability, completeness or timeliness of the information and undertakes no obligation to revise or update these materials. Toronto Hydro (including its directors, officers, employees, agents and subcontractors) hereby waives any and all liability for damages of whatever kind and nature which may occur or be suffered as a result of the use of these materials or reliance on the information therein.

These materials may also contain forward-looking information within the meaning of applicable securities laws in Canada ("Forward-Looking Information"). The purpose of the Forward-Looking Information is to provide Toronto Hydro's expectations about future results of operations, performance, business prospects and opportunities and may not be appropriate for other purposes.

All Forward-Looking Information is given pursuant to the "safe harbour" provisions of applicable Canadian securities legislation. The words "anticipates", "believes", "budgets", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "projects", "schedule", "should", "will", "would" and similar expressions are often intended to identify Forward-Looking Information, although not all Forward-Looking Information contains these identifying words. The Forward-Looking Information reflects the current beliefs of, and is based on information currently available to, Toronto Hydro's management.

The Forward-Looking Information in these materials includes, but is not limited to, statements regarding Toronto Hydro's future results of operations, performance, business prospects and opportunities.

The statements that make up the Forward-Looking Information are based on assumptions that include, but are not limited to, the future course of the economy and financial markets, the receipt of applicable regulatory approvals and requested rate orders, the receipt of favourable judgments, the level of interest rates, Toronto Hydro's ability to borrow, and the fair market value of Toronto Hydro's investments.

The Forward-Looking Information is subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical results or results anticipated by the Forward-Looking Information. The factors which could cause results or events to differ from current expectations include, but are not limited to, the timing and amount of future cash flows generated by Toronto Hydro's investments, market liquidity and the quality of the underlying assets and financial instruments, the timing and extent of changes in prevailing interest rates, inflation levels, legislative, judicial and regulatory developments that could affect revenues, and the results of borrowing efforts. Toronto Hydro cautions that the above list of factors is not exclusive.

All Forward-Looking Information in these materials is qualified in its entirety by the above cautionary statements and, except as required by law, Toronto Hydro undertakes no obligation to revise or update any Forward-Looking Information as a result of new information, future events or otherwise after the date hereof.


SOURCE Toronto Hydro Corporation

For further information:

Jennifer Link
Toronto Hydro
jlink@torontohydro.com
(416)542-2725


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