OPG reports $623 million profit
OPG says it increased its earnings from investment funds due to improved global financial markets.
These funds were established to provide for the future costs of OPG's nuclear fixed-asset removal and nuclear waste management liabilities.
OPG president and CEO Tom Mitchell says he is pleased to achieve this level of income in the face of "challenging electricity demand conditions."
He says the utility produced less electricity due to lower demand and the utility also faced lower spot electricity market prices.
Despite the lower demand, says Mitchell, OPG's nuclear, hydroelectric and thermal generating stations achieved high levels of reliability.
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Hydro-Québec will refund a total of $535 million to customers who were account holders in 2018 or 2019
MONTREAL - Following the adoption of Bill 34 in December 2019, a total amount of $535 million will be refunded to customers who were Hydro-Québec account holders in 2018 or 2019. This amount was accumulated in variance accounts required under the previous rate system between January 1, 2018, and December 31, 2019.
If you are still a Hydro-Québec customer, a credit will be applied to your bill in the coming weeks. The amount will be indicated on your bill.
An average refund amount of $60. The refund amount is calculated based on the quantity of electricity that each customer consumed in 2018…
