June 23, 2010
The Toronto Star
Toronto Hydro will ask Canada’s highest court to give it more latitude to increase rates so it can make dividend payments to the City of Toronto.
Hydro is seeking to overturn a ruling by Ontario Court of Appeal. The court had approved restrictions imposed by the Ontario Energy Board on the utility’s ability to jack up rates.
Toronto Hydro is now seeking leave to appeal that decision to the Supreme Court of Canada.