Tuesday, March 1, 2011

Kenora Hydro Undecided on New increase

Hydro rates in the City of Kenora will be going up as of May 1st, but

by exactly how much is still a question mark.

Kenora Hydro has to decide by the end of the week whether to apply
for another rate increase to cover their portion of a court ruling
last week.

An Ontario court Justice decided that Hydro companies had overcharged on the amount of interest they paid on overdue accounts.

The fine was 18 million dollars.

President and CEO of Kenora Hydro Dave Sinclair says they are eligible to apply for a rate increase to cover the cost of the fine, but he's not sure whether they will or not.

Kenora Hydro already has a rate increase before the Ontario Energy Board and Sinclair isn't sure how a second increase would affect their application.