Madison utility customers to get one-time refunds
The Public Service Commission said it approved a $5.7 million refund for MG&E customers.
Commission chairman Eric Callisto said the refund was driven by a drop in fuel costs.
The commission said average MG&E customers will receive a refund of about $12.60 on their April electric bills.
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Peterborough Distribution sold to Hydro One for $105 million.
PETERBOROUGH - The City of Peterborough said Wednesday it has agreed to sell Peterborough Distribution Inc. to Hydro One for $105 million.
The deal requires the approval of the Ontario Energy Board.
According to the city, the deal includes a one per cent distribution rate reduction and a five-year freeze in distribution rates for customers, plus:
- A second five-year period with distribution rate increases limited to inflation and an earnings sharing mechanism to offset rates in year 11 and onward
- Protections for PDI employees with employees receiving employment offers to move to Hydro One
- A sale price of $105 million
- An agreement to develop a regional…
