Page 21

Toronto Hydro CR Report 2016

INTRODUCTION MATERIALITY AND STAKEHOLDER ENGAGEMENT OUR CITY OUR OUR PEOPLE ENVIRONMENT GLOSSARY AT A GLANCE Material Issues for Toronto Hydro: Management approach to economic performance Toronto Hydro operates within the OEB’s regulatory framework for electricity distributors, which is designed to support the cost-effective planning and operation of the electricity distribution network and to provide an appropriate alignment between a sustainable, financially viable electricity sector and the expectations of customers for reliable service at a reasonable price. Toronto Hydro operates in a regulated environment and must seek approval from the OEB for rate adjustments. Strong financial performance allows Toronto Hydro to execute critical infrastructure renewal and enables the delivery of power to Torontonians in a safe, reliable and environmentally responsible manner. Toronto Hydro’s economic performance fulfills an important requirement within the City of Toronto’s Shareholder Direction, to deliver dividends to the City of Toronto. OUR CITY I TORONTO HYDRO 21 ECONOMIC PERFORMANCE 2015 $3,550.2 TORONTO HYDRO CORPORATION’S ECONOMIC PERFORMANCE (in millions of dollars) Economic Performance, Service Reliability, Grid Investment, Conservation and Demand Management, Material Selection and Usage, Strategic Community Sponsorships; Responsible Communication & Education; Public Safety Corresponding GRI G4 Aspects: Economic Performance, Procurement Practices, Availability and Reliability, Demand-Side Management, Research and Development, Customer Health & Safety, Marketing & Communications, and Provision of Information GRI General Standard Disclosures: G4-12 GRI Specific Standard Disclosures: EC1, EU10, EU28, EU29, EN32, LA14, PR2, PR7 The following information is from the Corporation’s consolidated financial statements, which includes both Toronto Hydro and Toronto Hydro Energy Services Inc. G4-DMA EC1 The above economic performance measures have been calculated as per the GRI manual: 1. Revenues include energy sales, distribution revenue, other revenue, gain on disposals of property, plant and equipment, and interest income per the Corporation’s 2016 audited consolidated financial statements and accompanying notes. 2. Operating costs include operating expenses and energy purchases per the Corporation’s 2016 audited consolidated financial statements. 3. Payments to providers of capital include dividends paid to the City of Toronto and interest paid to providers of capital per the Corporation’s 2016 audited consolidated financial statements. 4. Payments to government include income taxes paid per the Corporation’s 2016 audited consolidated financial statements and municipal property taxes paid. 2016 $4,032.3 Revenues1 2016 $3,494.0 Operating Costs2 2015 $3,173.1 2016 $147.4 Payments to providers 2 0 1 5 $ 1 3 3.5 of capitals3 2016 $6.7 Payments to government4 2015 $15.0


Toronto Hydro CR Report 2016
To see the actual publication please follow the link above