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Toronto Hydro 2012 CR Report

INTRODUCTION OUR SERVICES OUR WORKFORCE OUR ENVIRONMENTal INITIATIVES OUR COMMUNITY OUTREACH OUR ECONOMIC PERFORMANCE OUR GOVERNANCE, COMPLIANCE AND BUSINESS CONDUCT Regulator Toronto Hydro’s rates and services are regulated by the Ontario Energy Board (OEB), an independent provincial government agency. At any time, we may have applications under review, and may be participating in other OEB-sponsored proceedings. For example: • In May of 2012, we filed a comprehensive application under a new OEB regulatory framework for rates and capital projects for 2012 through 2014. The application was a first in the sector that covered a multi-year period and contained unprecedented detail on hundreds of proposed capital projects addressing essential work to maintain the adequacy, reliability and safety of our electricity distribution system. • Together with a group of leading electricity and gas distributors, we have been participating actively in the OEB consultation on its Renewed Regulatory Framework for Electricity, which concerned virtually all major aspects of the regulation of electricity distributors in Ontario. The focus of our contributions included the appropriate treatment of capital investment in electricity systems so that those systems can be renewed as required. TORONTO HYDRO 2012 corporate respnosibility report 20


Toronto Hydro 2012 CR Report
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