New Supply Powers Positive Outlook for Electricity in Ontario



    TORONTO, May 25 /CNW/ - The Independent Electricity System Operator's
(IESO) latest 18-Month Outlook report indicates that nearly 3,800 megawatts
(MW) of new and refurbished supply is scheduled to come into service over the
next 18 months. This new generation comprises a range of projects, including
nuclear, gas, wind and small scale hydroelectric that will help ensure
consumer demand for electricity is met over the next 18 months.
    In addition to this new supply, Ontario's import capability will increase
with completion of the first stage of the new interconnection between Ontario
and Québec, scheduled to be in service in the summer of 2009. Additional
transmission reinforcements in Québec scheduled to be in service by May 2010
will allow transfers up to 1,250 MW.
    "From a supply perspective, we are in very good shape," said Ken Kozlik,
Chief Operating Officer of the IESO. "We will have considerably more
generation resources available as new projects come online over the outlook
period."
    At the same time, the economic downturn that began last fall has
triggered a noteworthy drop in demand for electricity across North America. In
Ontario, peak and energy demand have declined in recent months as industrial
consumers have scaled back production. Conservation measures and embedded
generation are expected to more than offset any growth in electricity demand
over the next 18 months as the economy recovers. Overall, electricity demand
in Ontario is expected to decline by 3.9 per cent in 2009 and 0.3 per cent in
2010.
    The IESO regularly assesses the adequacy and reliability of Ontario's
power system. The complete 18-Month Outlook is available at
www.ieso.ca/imoweb/pubs/marketReports/18MonthOutlook_2009may.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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