Revitalising the nuclear business at Ontario Hydro
- Ontario Hydro (Canada)
Ontario Hydro, North America`s largest electric Power utility, with an installed capacity of (34,000 MW) has undergone a major restructuring over the Past year to better align itself with a changing electricity market and evolving customer needs. After expanding for decades in step with the steady and continuous growth in electricity demands Ontario Hydro is now in its fifth straight Year Of flat or declining sales at about 136.5 TWhrs/year with little indication that demand growth will return to historic levels within the predictable future. This prolonged and unexpected decline in power demand coincided with the completion of the four-unit, 3600 megawatt Darlington Nuclear Generating Station and other major investments in new and existing transmission and generation facilities. These investments, coupled with the decline in sales, have put Hydro under severe financial pressure, necessitating rate increases totalling 30 percent between 1990 and 1993, and sparking intense customer criticism and political Pressure. Hydro`s new Chairman, Maurice Strong, responded by initiating a major restructuring of the organization last year into focused business units, designed to be more flexible and adaptive to customer needs, and more responsive to market and bottom line pressures; maintaining rate increases at or below inflation for the remainder of the decade and reducing the debt (currently 34B$Cdn), as well as becoming a world leader in sustainable energy development were the significant missions of change. In addition, the staff levels at Ontario Hydro were reduced from 27,800 by over 6,600, mostly the result of early retirement and voluntary separation programs.
- OSTI ID:
- 182003
- Report Number(s):
- CONF-940501--
- Journal Information:
- Transactions of the American Nuclear Society, Journal Name: Transactions of the American Nuclear Society Journal Issue: Suppl.1 Vol. 70; ISSN 0003-018X; ISSN TANSAO
- Country of Publication:
- United States
- Language:
- English
Similar Records
[Ontario Hydro]. Corporate performance report, 1993
Ontario Hydro