Hydro One is looking for a rate increase in each of the next five years.

A public comment session, as a part of the process involving the Ontario Energy Board, was held in Sudbury yesterday (Wednesday).

Officials with the utility say with the Fair Hydro Plan coming into effect, the increase will be mitigated by the reductions taking effect with provincial plan.

Hydro One Vice President of Corporate Affairs Natalie Poole-Moffatt says there is much-needed infrastructure work tied into the rate increases.

“This finally means we can replace more than 72,000 poles over the next five years, refurbish 15 transformer stations and maintain almost 13,000 km or right of way with forestry work,” she says.

Poole-Moffatt says they have 400,000 wooden poles that are reaching their end of life.

“They’re 62, 65 years old, and while we will continue to monitor them, it does mean we have to start thinking about replacing them,” she adds.

If approved, a typical Hydro One residential customer would see monthly increases* of:
+$2.79 (2018)
+$2.47 (2019)
+$2.31 (2020)
+$1.95 (2021)
+$2.23 (2022)
*These amounts do not include any credits resulting from the Fair Hydro Act, 2017

Filed under: Hydro One