Ontario Mining Association concerned about the future supply, price of electricity.The Ontario Ontario, city, United States Ontario, city (1990 pop. 133,179), San Bernardino co., S Calif., near Los Angeles, in a region of vineyards; inc. 1891. Mining Association (OMA (1) See Object Management Architecture. (2) (Open Mobile Alliance Ltd., La Jolla, CA, www.openmobilealliance.org) An organization formed in June of 2002 by the consolidation of the WAP Forum group and the Open Mobile Architecture Initiative. ) is expressing concern about both the future supply and price of electricity in the province. The association has raised several concerns over changes made to Ontario Hydro's 25-year demand/supply plan, and is requesting that environmental assessment hearings concerning the plan be resumed in order to clarify its concerns. The OMA has expressed three major concerns related to Hydro's revised demand/supply plan. The first concern involves the planning process. The association charges that the revised plan, in which Hydro significantly reduced its projections of future electricity demands, has created a loss of confidence in Ontario Hydro Ontario Hydro was the official name from 1974 of the Hydro-Electric Power Commission of Ontario which was established in 1906 by the provincial Power Commission Act to build transmission lines to supply municipal utilities with electricity generated by private companies and has affected investor confidence, economic growth and job creation. The OMA is urging Ontario Hydro to plan for the upper, not median, of growth in demand. SHORTAGE "By definition, planning to the median guarantees that there will be a shortage of power 50 per cent of the time," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the association. "Planning for the median load growth rather than the upper defers the need for major new supplies of electricity from 2001 to sometime between 2009 and 2011." The association's second concern is that the utility is placing too much emphasis on demand management (conservation), non-utility (private) generation, natural gas and coal. It claims that natural gas can be one of the most expensive methods of generating electricity. The price of electricity is the association's third concern. It has indicated that mining companies in Ontario need to have confidence in the price forecasting ability of Ontario Hydro and on the availability of competitively priced electricity. Noting that rate increases have been double or triple the rate of inflation in recent years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time association warns that they could be in the double-digit dou·ble-dig·it adj. Being between 10 and 99 percent: double-digit inflation. range for the next several years. The impact of such increases would be severe on mining companies such as Falconbridge Falconbridge can mean:
The OMA indicates that Falconbridge had an $88-million electricity bill in 1991, and projected rate increases would increase that amount to $110.1 million in 1993. Inco, meanwhile, paid Ontario Hydro more than $61 million in 1991. That amount is likely to exceed $73 million this year, according to the OMA. |
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