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
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
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
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
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
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