TORONTO, Dec. 21, 2012 /CNW/ - Today, Chris Bentley, Minister of Energy issued a Direction to the Ontario Power Authority (OPA) extending the Conservation and Demand Management (CDM) programs to the end of 2015. Toronto Hydro-Electric System Limited ("Toronto Hydro") strongly supports the Minister's direction to the OPA.
This new direction will enable Toronto Hydro to extend its CDM programs for the benefit of residential, business and industrial customers located in Toronto. In 2011, Toronto Hydro invested approximately $14.1 million in conservation and demand management programs achieving approximately 172,920 Megawatt hours (MWh) in energy savings and an estimated total electricity demand reduction of 49.8 Megawatts (MW)*. This was achieved through the implementation of a broad portfolio of conservation and demand management programs for both residential and business customers. The Minister's decision will benefit Toronto Hydro's customers, the environment and the economy as more programs are introduced to market over the coming months.
For more information about Toronto Hydro's CDM programs visit torontohydro.com/responsibility
"Toronto Hydro has been a leader in bringing conservation programs to its customers since 2005. We commend Minister Bentley for extending the program and look forward to working with the Ontario Power Authority to bring these programs to homes and businesses across Toronto."
- Chris Tyrrell, Vice-President, Customer Care and Chief Conservation Officer.
About Toronto Hydro
The principal business of the Corporation and its subsidiaries is the distribution of electricity by Toronto Hydro-Electric System Limited. Toronto Hydro-Electric System owns and operates an electricity distribution system, which delivers electricity to approximately 712,000 customers located in the City of Toronto. It is the largest municipal electricity distribution company in Canada and distributes approximately 18% of the electricity consumed in the Province of Ontario.
* One Megawatt is equal to one million watts.
SOURCE: Toronto Hydro Corporation
For further information:
Tanya Bruckmueller, Toronto Hydro