Hydro-Québec: No Rate Increase in 2011

MONTREAL, Aug. 3 /CNW Telbec/ - Hydro-Québec Distribution filed a rate proposal yesterday with the Régie de l'énergie that would maintain its current electricity rates for the years 2011-2012.

This rate proposal, which covers the period from April 1, 2011, to March 31, 2012, testifies to Hydro-Québec Distribution's commitment to provide high-quality customer service and to its flexible approach to energy supply, while it continues to improve efficiency.

Hearings on this rate proposal will be held by the Régie over the coming months. The Régie is the body mandated by law to set electricity rates in Québec.

Improved efficiency

The low increase in costs related to electricity distribution and customer service is the result of Hydro-Québec Distribution's efforts to improve its operational performance.

Energy efficiency

Hydro-Québec Distribution will invest $333 million in its Energy Efficiency Plan, which is expected to generate 805 GWh in additional energy savings for the 2011-2012 rate year.

Low-income customers

Hydro-Québec Distribution reiterates its commitment to low-income customers. In 2011, $27.7 million will be allocated to meet their particular needs. This amount includes $15.3 million for energy efficiency measures for these customers, of which $7 million will go to a new refrigerator replacement program launched in 2010.

Investments

In 2011, the Distributor plants to invest $869 million to meet the growth in the number of customer accounts, to maintain its assets, and to improve service quality.

SOURCE Hydro-Québec

For further information: For further information:

Hydro-Québec Distribution's rate proposal is available on the Régie de l'énergie's Web site http://www.regie-energie.qc.ca (in French only).

For information:

Hydro-Québec
Senior Advisor - Media
Guy Litalien
Tel.: (514) 289-2314
Press room: http://www.hydroquebec.com/media/en/index.html


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