Ontario Energy Market: February in Review

  • Chapleau Public Utilities Corporation customers voice their opinion to the Ontario Energy Board on the proposed electricity distribution rate: on February 5, 2019, the Ontario Energy Board held a consultative session to gather customer views and opinions on changes to Chapleau Public Utilities Corporation's distribution rates. (Source)
  • Sub-metering Council of Ontario Implements Winter Disconnection Ban: on February 5, 2019, the Sub-metering Council of Ontario banned the practice of disconnecting electricity of customers behind on their payments during the winter season. 
  • Government of Ontario issues a proposal to streamline and update greenhouse gas reporting requirements: on February 5, 2019, the government of Ontario issued a proposal that seeks to amend Ontario's greenhouse gas emissions reporting program to refine or remove the collection of unnecessary data. (Source)
  • Ontario reveals the details about its performance standard for large industrial emitters: on February 12, 2019, Ontario announced its proposed plan to reduce greenhouse gas ("GHG") emissions, the Industrial Emissions Performance Standards Program ("EPS"). (Source)
  • Innovation and energy speaker series: on February 14, the Ontario Energy Association (OEA) hosted a speakers series event entitled "Innovation and Energy" aimed at exploring the findings and recommendations of the Ontario Energy Board Advisory Committee on Innovation. (Source)
  • Ford government orders Hydro One to cap CEO pay at $1.5 million: following repeated requests to slash CEO pay below $2.75 million, the government of Ontario issued a formal directive ordering the partially-privatized utility Hydro One to pay its CEO no more than $1.5 million per year. (Source) 
  • Commercial and industrial electricity rates: on February 21, the Ontario Energy Board releases a report recommending changes to Ontario's commercial and industrial electricity rates. (Source)
  • 156,000 people in Ontario are left within 24 hours without electricity: on February 25, 2019, a snow and wind storm (with max. wind gust reported at 128 km/h) swept across Ontario, leaving over 156,000 people within 24 hours without electricity. (Source)
  • Minister expresses concerns over federal Bill C-69: On February 26, 2019, Ontario Minister of Energy, Northern Development and Mines Greg Rickford expresses concerns over Bill C-69, and how if passed, would hinder new natural resource and energy projects across Ontario, killing thousands of potential jobs. (Source)
  • Algonquin Power & Utilities Corp. announces 2018 fourth quarter and full year financial results: Algonquin Power & Utilities Corporation (TSX/NYSE: AQN) announced its financial results for the 4th quarter and year-ended December 31, 2018. (Source)
  • Algonquin Power & Utilities Corporation ("APUC") declare first quarter preferred shares dividends: on February 28, 2019, APUC (TSX: AQN, AQN.PR.A., AQN.PR.D, NYSE: AQN, AQNA) declared a C$0.32263 dividend per Preferred Share, Series A, and a C$0.3125 dividend per Preferred Share, Series D. (Source)
  • Ontario plunges from 7th to 20th in ranking of best places in the world to mine: the Fraser Institute released a report on February 28, 2019, on how Ontario has regressed from 7th to 20th in ranking of best places in the world to mine. (Source)