IESO and OPA merge
Ontario -- - The Independent Electricity System Operator IESO and the Ontario Power Authority OPA have now merged, operating as one organization.
This new organization is responsible for the real-time operation of the Ontario electricity system and market, long-term energy planning, procurement, and the promotion of a conservation culture in the province. Amalgamation will achieve efficiencies going forward by reducing overlap, reducing costs and streamlining electricity sector planning.
"The merger of the two organizations brings together a breadth of expertise and experience in the operation of and planning for the province's power system," said Bruce Campbell, President and CEO of the IESO. "It deepens our role within the energy sector, allowing us to more effectively engage with stakeholders on key issues and develop new and more efficient approaches to meet the needs of all Ontarians."
The IESO is working to ensure the transition is as seamless as possible for customers and stakeholders. The IESO manages the province's power system so that Ontarians receive power when and where they need it. It plans and prepares for future electricity needs, and works with its partners to guide conservation efforts.
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Manitoba Hydro scales back rate increase next year
WINNIPEG - Manitoba Hydro is scaling back its rate hike request for next year, instead of the annual 7.9 per cent hikes the Crown corporation previously said it would need until 2023-24 to address debt.
Hydro is asking the Public Utilities Board for a 3.5 per cent rate increase next year, which would take effect on April 1.
In last week's application, Hydro said its new board is reviewing the corporation's financial picture. Once that is complete, the utility expects to submit a new multi-year rate application in late 2019 that addresses the organization's long-term future.
"It's too speculative at this point to discuss any possible future rate increases," spokesperson Bruce…