City prepares to spend hydro dividends on "green" projects

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By Jason White, 1310 News, June 19, 2018
The spending comes as the city-owned utility carries about $800 million in debt, and as the newly-elected provincial government pledges to use its dividends from Hydro One to lower the cost of electricity bills.

 

The city's Environment Committee will decide Tuesday whether to approve $633,000 for projects to reduce pollution and energy use, funded by the city's share of the profits from Hydro Ottawa.

The spending comes as the city-owned utility carries about $800 million in debt, and as the newly-elected provincial government pledges to use its dividends from Hydro One to lower the cost of electricity bills.

https://www.ottawamatters.com/local-news/city-prepares-to-spend-hydro-dividends-on-green-projects-958924