Toronto Hydro Corporation releases its 2015 Annual Report

Toronto Hydro Report

 

May 18, 2016

Toronto Hydro Corporation releases its 2015 Annual Report showing the organization is performing well while operating in a highly complicated, regulated industry.

The report shows that Toronto Hydro met or exceeded all of its key performance targets, resulting in a net income after net movements in regulatory balances of $126.7 million and a $56.25 million dividend to the City of Toronto.

In 2015, Toronto Hydro delivered the largest Conservation and Demand Management (CDM) program in Ontario, with savings of 214.5 GWh – equivalent to taking 28,000 homes off the grid. The company continues to be a leader in the delivery of CDM programs to help customers conserve energy, save money and help the environment.

Toronto Hydro is committed to maintaining a strong, stable electricity system by renewing aging infrastructure, addressing increasing electricity demands and improving the system’s resilience to severe weather. For these reasons, Toronto Hydro executed a large, $537.2 million capital investment plan in 2015. In late 2015, Toronto Hydro received a landmark five-year rates decision from the Ontario Energy Board. This decision supports the need for continued investment in Toronto’s electricity grid and has secured more than $2 billion in capital funding.

QUICK FACTS
• Since 2009, the average number of service interruptions has improved by 12% and the average duration of interruptions has improved by 23%
• Toronto Hydro achieved an entire year without a lost-time injury and total recordable injuries were 53% lower than benchmarked peers
• Toronto Hydro received the 2015 Electrical Safety Authority (ESA) award, recognizing the company as a leader in consumer and home electrical safety

 

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