Ontario Agency To Sell Its Debt
TORONTO -- - Hydro One Inc. said that the Ontario Electricity Financial Corporation plans to sell some or all of its Hydro One debt in the public markets, starting in the first quarter of 2003.
OEFC, the funding agency for debt financing of electrical works in Ontario, holds about CAN$2.53 billion of Hydro One debt, which matures between 2003 and 2007.
The OEFC is the provincial agency responsible for servicing and retiring the former Ontario Hydro's provincially guaranteed debt and managing certain other legacy liabilities.
Hydro One, which has a total debt of CAN$4.6 billion of which CAN$2.05 billion is public debt, has also agreed to restructure some or all of the debt.
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Hydro One delivery rates go up
THUNDER BAY - Hydro One seasonal customers will face bigger increases in their bills than the utility's residential customers as a result of an Ontario Energy Board approval of a rate hike.
Hydro One received permission to increase its delivery charge, retroactive to last year.
It says it needs the money to maintain and upgrade its infrastructure, much of which was installed in the 1950s.
The utility is notifying customers that new statements reflect higher delivery rates which were not charged in 2018 and the first half of this year, due to delay in receiving the OEB's permission.
The amount that customers' bills will increase by depends…
