Toronto Hydro appears to be . . . well, confused.
Posted by Robert at January 24, 2012 3:13 PMThat should be Toronto Hydro, not Ontario Hydro. Two different entities. Equally competent, though.
Thank G-d that Toronto Hydro does not run any nuclear plants.
Posted by: Lickmuffin at January 24, 2012 2:45 PMThank you! Need MORE COFFEE!!!
Posted by: Robert W. (Vancouver) at January 24, 2012 2:52 PMNot more coffee, just ask for more money until the quality of service improves!
Posted by: WalterF at January 24, 2012 3:19 PMAgain, we are seeing the fictional economic theories from "Atlas Shrugged" being played out for real. "We can't compete with economic geniuses like Reardon, so we must charge higher prices. And no one will pay those higher prices unless they are forced to. We are simply asking that the government help us get our fair share. Why shouldn't we - don't our workers need to feed their families?"
Posted by: grok at January 24, 2012 3:54 PMFIRE THEM ALL!! Oh wait. Doing that would improve Hogtowns electric quality (new management & non-union), but I guess that would interfere with McDinky's plans to make all of Morontario a 3rd world sh1thole.And anybody who thinks McDinky wouldn't interfere with Ford's Hogtown,well,I didn't know heads could fit that far up one's arse.
Posted by: Justthinkin at January 24, 2012 4:22 PMIt always helps to go to the annual report.
From 2010:
"We completed our largest capital construction program to date at $390.8 million, as we continue to invest in the renewal of our distribution system to improve service and reliability to our customers. The investment is paying off; our system average interruption and frequency of interruption statistics are better than the Canadian average for similar utilities, as reported by the Canadian Electricity Association, for the 12-month period ended December 31, 2010."
So much for the claim that Toronto Hydro is substandard. Who in their right mind would lie to either the OEB or in the annual report? Because these two statements are contradictory.
But there's more. When you wade into the financial statements you find that Ontario's Green Energy Act placed conservation and demand management targets on municipal utilities. This meant added capital costs. The Act also allowed these utilities to own renewable generation, and it looks like TH has been blowing some money on a renewable demonstration project, and on elecric vehicle tests.
Over the past decade, TH has also been following the typical pattern of Toronto City Hall. So the place is also littered with lots of useless green consultants, which aside from an overly large bureaucracy is also where a lot of money has been wasted.
Posted by: cgh at January 24, 2012 5:53 PMwere is olde Clitthrow, just when U need her
she only charges 2.3 mil/annum
Posted by: NME666 at January 24, 2012 7:32 PM