Thursday, August 20, 2009

Rate Increase Requested

Some hydro users in the Rainy River district may have to dig deeper into their pockets over the next couple of years.

Hydro One is asking the Ontario Energy Board to approve a rate increase of 9.5 percent in 2010 and another 13.3 per cent a year later.

Board Spokesperson Vanda Wall says the new rates could be in place early next year.

"They're seeking approval for the rates to be effective January 1, 2010 and January 1,2011," says Wall, "however the review process and the board's decision won't likely be complete until early in the new year. Until the board's actually makes its decision, we won't know until when the rates will take effect.

Wall says if approved, the impact on customers will vary.