HAMILTON, ON, Oct. 26 /CNW/ - Horizon Utilities Corporation has filed an
application with the Ontario Energy Board ("OEB") for changes to its customer
charges on the Delivery portion of hydro bills, effective May 1, 2008.
"We are proud of the fact that Horizon Utilities has been able to drive
cost efficiencies to provide an overall bill decrease to its residential
customer classes and a less than inflation increase to its general service
customers, while building on sustainability," says Max Cananzi, President and
CEO, Horizon Utilities Corporation.
Based on the proposed new electricity distribution rates, a typical
residential customer consuming 1,000 kWh per month will see their Delivery
charges decrease by 2.99 percent.
A typical general service customer consuming 2,000 kWh per month and
having a monthly demand of less than 50 kW would see an overall increase of
2.86 per cent or $5.96 on their monthly bill.
Coupled with the reduced Electricity prices announced by the Ontario
Energy Board recently, all customers not purchasing their electricity through
an energy retailer will benefit from a further reduction on their overall
electricity bill as a result of the cost of electricity going down by 4.8 per
cent, effective November 1, 2007.
"Horizon Utilities' customers continue to benefit from the cost savings
realized as a result of the merger of Horizon Utilities in 2005," says
Cananzi. "Since then, our employees have been doing an excellent job
controlling costs. Our commitment to operate an efficient, customer-focused
business, coupled with our efforts to provide customers with programs and
information designed to help them conserve electricity, is translating into
real savings for our customers."
As described in the Rate Application, Horizon Utilities plans to:
- Continue its reinvestment program to replace aged infrastructure in
order to ensure a continued safe and reliable delivery of electricity
- Expand the electricity distribution network to service new
residential developments in Hamilton and St. Catharines. In 2008, the
company anticipates adding 1,200 residential customers to its
- Install another 80,000 smart meters within its communities in 2008
bringing the total number of installed smart meters up to
approximately 135,000 units by December 2008. Smart meters and time-
of-use pricing will provide an incentive for customers to shift some
of their electricity consumption away from peak hours, thereby
reducing the strain on the Province's electricity network.
"Horizon Utilities strives to be the 'Best Managed Utility' in the
industry," points out Cananzi. "We continue to invest in infrastructure to
ensure the safe and reliable delivery of electricity to our customers. Behind
the scenes, we are upgrading our internal systems to provide employees with
the tools and technology they need to increase efficiency and provide
unparalleled customer service."
Horizon Utilities Corporation is the third largest municipally owned
electricity distribution company in Ontario and delivers electricity and
related utility services to over 231,000 residential and commercial customers
in Hamilton and St. Catharines. The company is committed to providing best
value to its customers through the delivery of a safe and reliable supply of
electricity in a cost-effective manner. Horizon Utilities Corporation is owned
by Hamilton Utilities Corporation and St. Catharines Hydro Inc. and operates
out of facilities in Hamilton, Stoney Creek and St. Catharines. For more
information, visit: www.horizonutilities.com.
More information about Horizon Utilities is available at
For further information:
For further information: Sandy Manners, Director of Corporate
Communications, Horizon Utilities Corporation, Tel: (905) 317-4707, Cell:
(905) 308-1473, Email: firstname.lastname@example.org, Website: