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Toronto Hydro CR Report 2016

OUR CITY MILLION MILLION MILLION 22 TORONTO HYDRO I 2016 CORPORATE RESPONSIBILITY REPORT Dividends to the City of Toronto Toronto Hydro Corporation declared and paid dividends to the city totalling $60.6 million in 2014 $56.25 million in 2015 $63.35 million in 2016 $63.35 $56.25 $60.6 1. In order to ensure reliable service to all areas of the city, Toronto Hydro invests in the distribution grid, develops and executes plans for future growth, conducts inspections of assets and carries out maintenance of assets to prolong their life and reduce costs to the customer. 2. Toronto Hydro’s infrastructure is aging and needs to be replaced and renewed in order to continue to provide safe and reliable service. At the end of 2016, approximately 25% of Toronto Hydro’s distribution assets were past their useful life. 3. In addition, the City of Toronto has and continues to experience significant growth, particularly in high-rise development. In 2016 alone, there were approximately 129 new construction projects planned or underway in the City of Toronto. More than 30% of our distribution equipment needs to be replaced by 2020 68% NOT BEYOND 7% BEYOND USEFUL LIFE IN 5 YEARS 25% USEFUL LIFE BEYOND USEFUL LIFE G4-DMA 2016 2015 2014 AVAILABILITY AND RELIABILITY Corresponding Toronto Hydro’s Material Issues Grid Investment and Service Reliability Management approach to availability and reliability


Toronto Hydro CR Report 2016
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