Ontario Power Generation wants 30% rate hike for nuclear generation
The increase would add about $5.36 each month to the bill for typical residential customers.
TORONTO – Ontario Power Generation (OPG) is asking for a 30% increase in the rate paid for electricity generated by nuclear power.
OPG says the increase would add about $5.36 each month to the bill for typical residential customers.
The government-owned utility has not received approval from the Ontario Energy Board for a rate increase since 2008.
In 2011, the Energy Board not only rejected an OPG application to hike its base rate by 6.2%, it actually lowered the rate by 0.8%.
Opponents of nuclear power say Ontario should shut down its aging reactors and abandon plans to refurbish nuclear generating stations.
The Ontario Clean Air Alliance says if the OPG rate increase is approved, it will cost electricity consumers in the province $755 million a year.
©The Canadian Press