From The Globe and Mail:
An impending Ontario Energy Board decision could have far-reaching consequences for home hydro bills, the city’s failing electrical grid and City Hall’s forthcoming budget over the next year.
At 4 p.m. on Thursday, the board will rule whether Toronto Hydro can present a case for raising monthly hydro rates by an average of $5 a household to pay for massive infrastructure improvements totalling $1.5-billion over the next three years.
Hydro says the upgrades are needed to bring Toronto’s grid up to modern standards. Half of the components are beyond their life expectancy. The other half will reach that point within a decade.
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