IESO Releases Positive 18-Month Outlook



    TORONTO, Sept. 23 /CNW/ - The Independent Electricity System Operator
(IESO) today released one of its most positive 18-month outlook reports on the
reliability of Ontario's electricity system since the electricity market
opened in 2002.
    More than 5,000 megawatts (MW) of new and refurbished supply is scheduled
to come into service in the next year and a half, almost half of which is well
under construction or in commissioning stages. This new generation means
Ontario will have sufficient supply to meet demand under normal weather
conditions over the forecast period.
    The transmission system is also expected to be adequate to reliably
supply electricity demands over the next 18 months. A new interconnection
between Ontario and Québec will be placed in service in spring 2009, further
enhancing reliability. This is the first stage of the project that is
scheduled to reach 1,250 MW of capacity by 2010.
    "Ontario's electricity supply is in the best shape it has been in for
several years," said Ken Kozlik, IESO Chief Operating Officer. "With new
generation coming on-line and conservation and demand management programs
helping out, Ontario is well positioned to meet its electricity needs in the
months to come," said Kozlik.
    The improving resource picture means that some long duration maintenance
outages that previously had to be squeezed into the fall and spring can now
continue into the winter. Summer peak periods, typically driven by heavy air
conditioning use, require most, if not all, Ontario resources to be available
to meet expected peak and energy demands.
    At a local level, reliability within the Greater Toronto Area for summer
2009 is expected to be adequate as new facilities are incorporated. However,
in the York Region, the delivery capability in the Newmarket and Aurora area
has been exceeded due to growth in electricity use. A new transformer station
is planned to be in service in the middle of 2009 and procurement of
additional local generation is being sought.
    The full 18-Month Outlook is available at:
http://www.ieso.ca/imoweb/pubs/marketReports/18MonthOutlook_2008sep.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: Alexandra Campbell, (416) 506-2806


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