TORONTO – The cold winter that gripped Ontario will put a chill on the wallets of Ontario customers of Enbridge for the next couple of years.
Enbridge says the Ontario Energy Board has confirmed an interim rate hike granted earlier this year, but has told the utility to spread the costs over a longer period.
The increase will be spread over 27 months instead of the 12 months that Enbridge originally proposed.
Enbridge told the regulator earlier this year that the rate increase was needed to cover the added costs from what it called Ontario’s coldest winter in 37 years.
WEATHER
Increasing cloudiness early this morning. 60 percent chance of showers with risk of a thunderstorm. Wind becoming north 20 km/h late this morning. High 19. UV index 5 or moderate.
More on current weather conditions and a 7-day forecast.
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TRAFFIC AND TRANSIT
Roads: Click for the latest Toronto traffic.
Mass Transit: Click for TTC and GO Transit Updates.
Sports:
- Ontario hospital workers awarded 6% pay increase, new agreement on agency nurses
- S&P/TSX composite closes up nearly 100 points, U.S. stock markets mixed
- Pedestrian in life-threatening condition after being hit by vehicle in Mississauga
- Judge at trial of man accused of killing cop was concerned over Crown changing theory
Blue Jays:
Mark Buehrle got his major league-leading eighth win as the Blue Jays swept the Boston Red Sox with a 7-2 win Thursday.
NHL:
Alex Galchenyuk’s goal 72 seconds into overtime Thursday gave Montreal a 3-2 win on hostile ground, helping the Canadiens get one foot out of their playoff hole.
IN THE NEWS…
Friends and a family are reportedly in a state of shock after the driver of a vehicle that crashed and killed their son last year has escaped criminal charges.
A male driver has been charged with impaired driving after his vehicle crashed into a pole overnight.
The Ontario campaign trail will take the three party leaders to five cities today.
While Canadians may beg to differ, the Bank of Canada should be pleased with Friday’s new inflation report that will almost certainly show consumer prices were sharply higher in April.
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