Hydro One receives OEB approval to build $635 million high-voltage transmission line from Kincardine to Milton



    TORONTO, Sept. 16 /CNW/ - The Ontario Energy Board (OEB) has approved
Hydro One's Leave to Construct application for the Bruce to Milton
Transmission Reinforcement Project with conditions. The project involves the
construction a 180-kilometre, double-circuit 500 kilovolt (kV) transmission
line on a widened existing corridor between the Bruce Power Facility in
Kincardine and Hydro One's switching station in Milton. The line will transfer
more than 3,000 megawatts of clean and renewable power from the Bruce area to
southern Ontario. This project represents the largest expansion to Ontario's
transmission system in 20 years.
    In its decision, the OEB found the project to be in the public interest
in regard to its impact on price, reliability and quality of electricity
service to consumers. The OEB concluded that the economic benefits of the
transmission line exceed its estimated costs of $635 million, and that it
improves system reliability, which benefits all electricity consumers.
    "This decision is an important milestone in our efforts to secure
Ontario's clean and renewable energy future," said Laura Formusa, President
and CEO, Hydro One. "We are also sensitive to the concerns of property owners,
First Nations, Métis, local municipalities and stakeholders affected by the
project and have been working with them from day one and will continue to do
so to ensure their concerns are managed in a way that is fair and
responsible."
    The OEB Decision is the first major approval required to build this line
and is conditional upon the Project receiving Ontario Environmental Assessment
Act (EA) approval. Hydro One plans to release the Bruce to Milton Draft EA
Report for a 30-day period for review by interested parties later this month.
After this review period, the document will be revised as appropriate, and a
final EA Report is expected to be submitted to the Ministry of the Environment
in November 2008.
    Construction of the Bruce to Milton line is scheduled to begin once
approvals are received and the necessary property rights are in place. The new
line is planned to go into service in December 2011.

    Hydro One delivers electricity safely, reliably and responsibly to homes
and businesses across the province of Ontario and owns and operates Ontario's
29,000 kilometre high-voltage transmission network that delivers electricity
to large industrial customers and municipal utilities, and a 122,000 kilometre
low-voltage distribution system that serves about 1.3 million end-use
customers and smaller municipal utilities in the province. Hydro One is wholly
owned by the Province of Ontario.
    The complete OEB decision is available on www.oeb.gov.on.ca and on the
Bruce to Milton Project website at: www.HydroOneNetworks.com/BrucetoMilton





For further information:

For further information: contact Hydro One Media Relations 24 hours a
day at 1-877-506-7584 (toll-free in Ontario only) or (416) 345-6868; Our web
site is www.HydroOne.com


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