Toronto Hydro Invites Customers to Shift for the Royal Wedding

TORONTO, April 28 /CNW/ - Hosting a Royal Wedding tea party this Friday morning? Toronto Hydro-Electric System Limited (Toronto Hydro) is encouraging its Time-of-Use (TOU) customers to dress up, wear a hat, serve tea and scones and do their laundry and dish-washing "off-peak" during the nuptials this Friday!   With pre- wedding ceremonies starting as early as 3:00 a.m., Torontonians can take advantage of  electricity off-peak pricing until 7 a.m. while taking in the pageantry, the  guests' attire and waiting for the big moment when the Prince and Princess-to-be say 'I do'.

Time-of-Use rates are designed to encourage customers to shift their electricity use to lower-priced off-peak periods; this helps reduce strain on the grid for periods when electricity consumption is at its peak.

The Royal Wedding has an official start time of 6 a.m. EST which allows for customers to get their bits and bobs done such as laundry and dishes before sitting down uninterrupted to witness a modern fairytale in the making.

For customers who want to re-live the magic of off-peak pricing again and again - no PVR is required! Because early mornings aren't everyone's cup of tea, evenings (after 9 p.m.), weekends and holidays are always spot-on when it comes to shifting electricity use and managing bills.  After May 1, TOU summer time blocks take effect enabling customers to shift to off-peak after 7 p.m.

For more information on TOU and how to sign up for TOU alerts, visit torontohydro.com/smart.

About Toronto Hydro

Toronto Hydro Corporation is a holding company which, through its principal subsidiaries:

  • Toronto Hydro-Electric System Limited ("LDC") - distributes electricity and engages in Conservation and Demand Management activities; and
  • Toronto Hydro Energy Services Inc. ("TH Energy") - provides street lighting services.

The principal business of the Corporation is the distribution of electricity by LDC. LDC owns and operates an electricity distribution system that delivers electricity to approximately 700,000 customers located in the City of Toronto.

The information in these materials is based on information currently available to Toronto Hydro Corporation and its affiliates (together hereinafter referred to as "Toronto Hydro"), and is provided for information purposes only. Toronto Hydro does not warrant the accuracy, reliability, completeness or timeliness of the information and undertakes no obligation to revise or update these materials. Toronto Hydro (including its directors, officers, employees, agents and subcontractors) hereby waives any and all liability for damages of whatever kind and nature which may occur or be suffered as a result of the use of these materials or reliance on the information therein.

These materials may also contain forward-looking information within the meaning of applicable securities laws in Canada ("Forward-Looking Information"). The purpose of the Forward-Looking Information is to provide Toronto Hydro's expectations about future results of operations, performance, business prospects and opportunities and may not be appropriate for other purposes.

All Forward-Looking Information is given pursuant to the "safe harbour" provisions of applicable Canadian securities legislation. The words "anticipates", "believes", "budgets", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "projects", "schedule", "should", "will", "would" and similar expressions are often intended to identify Forward-Looking Information, although not all Forward-Looking Information contains these identifying words. The Forward-Looking Information reflects the current beliefs of, and is based on information currently available to, Toronto Hydro's management.

The Forward-Looking Information in these materials includes, but is not limited to, statements regarding Toronto Hydro's future results of operations, performance, business prospects and opportunities.

The statements that make up the Forward-Looking Information are based on assumptions that include, but are not limited to, the future course of the economy and financial markets, the receipt of applicable regulatory approvals and requested rate orders, the receipt of favourable judgments, the level of interest rates, Toronto Hydro's ability to borrow, and the fair market value of Toronto Hydro's investments.

The Forward-Looking Information is subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical results or results anticipated by the Forward-Looking Information. The factors which could cause results or events to differ from current expectations include, but are not limited to, the timing and amount of future cash flows generated by Toronto Hydro's investments, market liquidity and the quality of the underlying assets and financial instruments, the timing and extent of changes in prevailing interest rates, inflation levels, legislative, judicial and regulatory developments that could affect revenues, and the results of borrowing efforts. Toronto Hydro cautions that the above list of factors is not exclusive.

All Forward-Looking Information in these materials is qualified in its entirety by the above cautionary statements and, except as required by law, Toronto Hydro undertakes no obligation to revise or update any Forward-Looking Information as a result of new information, future events or otherwise after the date hereof.

SOURCE Toronto Hydro Corporation

For further information:

Denise Attallah
Toronto Hydro
dattallah@torontohydro.com
(416)542-2636


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