Toronto Hydro Telecom sale is official
TORONTO, ONTARIO - Toronto Hydro Corporation announced that it has closed the sale of the shares of its wholly-owned subsidiary, Toronto Hydro Telecom Inc., to Cogeco Cable Canada Inc. for $200 million in cash, subject to certain post-closing adjustments.
The Corporation is a holding company which through its wholly-owned subsidiaries:
- Toronto Hydro-Electric System Limited ("LDC") - distributes electricity and engages in Conservation and Demand Management activities; and
- Toronto Hydro Energy Services Inc. - provides street lighting and expressway lighting services, and energy efficiency products and services.
The principal business of the Corporation and its subsidiaries is the distribution of electricity by LDC. LDC owns and operates an electricity distribution system that delivers electricity to approximately 683,000 customers located in the City of Toronto.
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Congressional Democrats push FERC to act on aggregated DERs
WASHINGTON - The Monday letter from Congressional Democrats illustrates growing frustration in Washington over the lack of FERC action on multiple power sector issues.
Last May, after the FERC technical conference, 16 Democratic Senators wrote to then-Chairman Kevin McIntyre urging him to develop guidance for grid operators on aggregated DERs.
In July, McIntyre responded, saying that FERC was "diligently reviewing the record," but the commission has taken no action since.
Since then, "DER adoption and renewable energy aggregation have continued to grow," House and Senate lawmakers wrote in their identical Monday letters, "driven not only by state and federal policies, but consumer interest…
