TORONTO, June 17, 2011 /CNW/ - Toronto Hydro-Electric System Limited
("Toronto Hydro") today launched the first in a series of free
workshops for its business customers. The workshops explain the
Conservation and Demand Management (CDM) programs that are available to
help companies make smart investments in energy efficiency.
Research conducted recently by Toronto Hydro with business customers
indicated that approximately 75% of Toronto Hydro's business customers
plan to participate in electricity conservation programs in 2011, and
approximately 79% of respondents said that electricity conservation
programs would be good for their bottom line. The majority (68%) also
said that electricity conservation could be a good way to build their
"We're listening to our customers, and they're telling us they want to
learn more about how energy efficiency can help their company's bottom
line," said Chris Tyrrell, Vice-President, Customer Care & Chief
Conservation Officer. "The workshops will provide practical information
so that those with accountability for operations and facilities
management can use what they learn to implement energy-smart solutions
that deliver attractive financial returns."
Driven by customer demand, Toronto Hydro's free workshops will be
scheduled through this coming summer and fall. Energy Consultants from
Toronto Hydro will walk through the process of applying for and
implementing the following incentive programs:
Audit Funding. Financial incentives of up to 50% of the cost of an energy audit are
available to help identify costs and benefits of implementing energy
efficiency projects and in prioritizing energy management projects.
Retrofit Program. Financial incentives are available when customers replace existing
inefficient equipment with high-efficiency equipment and when new
energy control systems are installed.
High Performance New Construction. Financial incentives and design assistance are offered to building
owners and architects of new commercial and institutional buildings who
exceed the minimum occupancy requirements of the Ontario Building Code.
Demand Response. Regular monthly payments are made when customers reduce their energy consumption
to a predetermined amount during periods of peak demand.
Customers can sign up for the CDM workshops by emailing email@example.com.
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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