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Toronto Hydro 2014 CR Report_FINAL

Dividends to the City of Toronto Toronto Hydro Corporation declared and paid dividends to the City totalling $48.0 million in 2012, $43.0 million in 2013, and $60.6 million in 2014. $60.6 MILLION 2014 $43.0 MILLION 2013 $48.0 MILLION 2012 2015-2019 Rates Application On July 31, 2014, Toronto Hydro submitted a five-year Custom Incentive Regulation (CIR) rates application for significant investment into Toronto’s aging electricity grid. The plan calls for approximately $4 billion in funding for increased maintenance, operational support and capital investments into the distribution system. This application represents a five-year investment plan at a crucial time in our history. Investments are required to address aging infrastructure, continue to supply a safe and reliable source of electricity in a rapidly growing, dense urban environment, integrate new technologies to modernize the grid and optimize our customer service. The following subjects were considered in the development of our plans: • Asset age profile and risk-based analytical tools, grid maintenance requirements and past and emerging reliability trends • Staffing requirements to address Toronto Hydro’s aging workforce • Customer service needs and expectations (e.g. service levels, disaster preparedness, rate impacts) • Externally-driven costs 20 TORONTO HYDRO 2014 CORPORATE RESPONSIBILITY REPORT


Toronto Hydro 2014 CR Report_FINAL
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