Toronto Hydro-Electric System Limited Submits IRM/ICM Application
TORONTO, May 11, 2012 /CNW/ - Toronto Hydro-Electric System Limited ("Toronto Hydro") has filed its application to set electricity distribution rates for the 2012, 2013, and 2014 rate years under the Ontario Energy Board's Incentive Regulation Mechanism (IRM) framework. The proposed framework establishes rates through the use of a formulaic adjustment and an Incremental Capital Module (ICM) component.
Details of the filing are available at the OEB's website at:
Through the IRM/ICM module, Toronto Hydro is requesting capital funding, over the three year period, in the amount of approximately $1.4 billion.
About Toronto Hydro
Toronto Hydro owns and operates an electricity distribution system, which delivers electricity to approximately 709,000 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.
The information in these materials is based on information currently available to 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.
Media contact:
Tanya Bruckmueller, Toronto Hydro-Electric System Limited
[email protected]
W: 416-542-2621
C: 416-903-0440
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