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A provincial regulator is trying to prevent a subsidiary of Ontario’s Hydro One Ltd. from making its customers pay for some of the costs related to the utility’s privatization.

The Ontario Energy Board — the regulator of the province’s electricity industry — issued a decision last week on Hydro One Networks Inc.’s transmission rates for 2017 and 2018. The company is a subsidiary of Hydro One Inc., which is itself a subsidiary of Toronto-based Hydro One Ltd., a publicly traded holding company.

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Ontario’s Liberal government has sold off just over 50 per cent of Hydro One Ltd. to investors, a politically controversial decision that some critics claimed would lead to higher electricity costs, and the effects of which the OEB scrutinized in its transmission decision.

The regulator noted that “embedded in the applied-for rates revenue requirements, are significant cost increases associated with the transformation of the utility’s unregulated parent company (Hydro One Ltd.) from one wholly owned by the Province to a company whose shares are publicly traded.”