IESO Electricity Outlook Remains Positive



    TORONTO, March 12 /CNW/ - The Independent Electricity System Operator
(IESO) says there should be sufficient supply within Ontario to meet the
demand for electricity under normal weather conditions over the next 18
months.
    The latest 18-Month Outlook released today reports that more than 4,500
megawatts (MW) of new supply is scheduled to come into, or return to service
over the next year and a half. The additional supply includes approximately
3,100 MW of gas-fired generation, 800 MW of nuclear generation, 700 MW of wind
capacity and 100 MW of hydroelectric generation. Most of the new supply
projects are now under construction with the majority of projects becoming
available to produce electricity in the latter half of the period.
    "When completed, the new supply will provide generators with additional
opportunities to schedule needed maintenance outages, including during the
winter months, instead of having to limit maintenance to the spring or fall
seasons," said Ken Kozlik, IESO Chief Operating Officer. "This should in turn
provide greater assurances that the generation will be available for the
high-demand periods during summer."
    While the reliability picture is positive over the next 18 months, the
IESO cautioned that there may be times when Ontario will need to rely on
imports from neighbouring jurisdictions if extreme weather occurs or if
generation or transmission equipment problems occur.
    The IESO regularly assesses the adequacy and reliability of Ontario's
power system as part of its power system and electricity market
responsibilities. The complete 18-Month Outlook is available at:
http://www.ieso.ca/imoweb/pubs/marketReports/18MonthOutlook_2008mar.pdf.

    The IESO is responsible for managing Ontario's bulk electricity power
system and operating the wholesale market. For more information, please visit
www.ieso.ca.




For further information:

For further information: Lisa Pearson, (416) 506-2806,
lisa.pearson@ieso.ca


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