Toronto Hydro Corporation releases its 2015 Annual 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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