Hydro Ottawa generates $22M for city coffers

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By Joanne Chianello, CBC News Ottawa, June 27, 2018

Hydro Ottawa delivered $21.9 million in dividends last year to the City of Ottawa, the utility's sole owner.

Hydro Ottawa's latest annual report was presented at city council Wednesday, where it announced the city's dividend. Most of the money will go toward the city's general revenue, but council decided to earmark $1 million to fix potholes and $633,000 for eight energy-efficiency projects, including a pilot to install Canada's first fast-charging station for electric cars.

Jim Durrell, a former mayor of Ottawa and current chair of Hydro Ottawa, said dividends paid to the city do not come from the rates paid by customers.

Instead, the money is from other revenue-generating projects, such as money raised by the Chaudière Falls power plant.

http://www.cbc.ca/news/canada/ottawa/hydro-ottawa-generates-22m-city-coffers-1.4724479