Ontario looks at $36 billion in industrial project work
The majority of the work planned is in the Power Industry, which makes up 72% of the spending with $26 billion planned, mainly for new nuclear power units and windfarms.
Bruce Power LP and Ontario Power Generation are both planning billion-dollar nuclear unit additions in Ontario. Canadian Hydro Developers Incorporated began site preparation activities for a 198-megawatt windfarm project on Wolfe Island. This is just one of a large number of windfarm projects scheduled for the province.
The second busiest industry in Ontario is the Metals & Minerals Industry with 72 projects totaling $3.5 billion. Xstrata Canada Incorporated began a $121 million project to extend the life of its Kidd Creek copper-zinc mine.
After the Metals & Minerals Industry is the Industrial Manufacturing Industry with 60 projects totaling $3 billion. Earlier this summer, Chrysler Canada Incorporated began retooling its 3 million-square-foot automobile assembly plant in Brampton.
The $1.4 billion project is scheduled to be completed next fall.
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Ontario's electricity 'recovery rate' could lead to higher hydro bills
TORONTO - A new provincial COVID-19 measure, designed to give Ontario ratepayers "stability" on their hydro bills this summer, could result in slightly higher hydro costs over the next four months.
Ontario Premier Doug Ford's government announced over the weekend that consumers would be charged a single around-the-clock electricity rate between June and November, replacing the much-derided time-of-use model ratepayers have complained about for years.
Instead of being charged between 10 to 20 cents per kilowatt hour, depending on the time of day electricity is used, hydro users will be charged a blanket rate of 12.8 cents per kWh.
"The new rate will…
