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Toronto Hydro Applauds the Province of Ontario's Green Energy Act

    TORONTO, Feb. 23 /CNW/ - Toronto Hydro Corporation is pleased that the
Ministry of Energy has implemented this bold initiative. The Green Energy Act
gives local distribution companies (LDCs) more opportunity to develop and
implement conservation programs. In addition, the Green Energy Act enables
Toronto Hydro to expand its capabilities in participating in sustainable clean
generation projects.
    "We have always been committed to reducing peak demand in Toronto through
conservation and demand management," says David O'Brien, President and Chief
Executive Officer, Toronto Hydro Corporation. "The Green Energy Act not only
allows us to continue with our successful conservation programs, but also
build on our portfolio."
    The company introduced the first peak demand reduction target for Toronto
in 2005 and has continued to pioneer programs like peaksaver, an air
conditioner load control program that now involves almost 50,000 Torontonians,
and enables Toronto Hydro to remove almost 60 Megawatts from the grid during
heat waves. Peaksaver has been adopted by the Ontario Power Authority and
other LDCs in the province.
    "On initial review, it seems that we will be able to accelerate the
introduction of conservation and renewable energy projects. I'm certain that
Toronto Hydro and all Torontonians will support the province by reducing our
electricity usage and our reliance on traditional generation methods year over
year."
    Toronto Hydro has been active in conservation and demand management for
several years. Since launching its programs in 2005, Toronto Hydro has reduced
electricity loads by 387 Megawatts.