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.
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.
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TRAFFIC AND TRANSIT
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Mark Buehrle got his major league-leading eighth win as the Blue Jays swept the Boston Red Sox with a 7-2 win Thursday.
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…
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