Faith in public power paid off for Ontario
Ontario Hydro is the result of a grassroots belief that public power would create an industrial tax base and benefit the entire community. After 75 years, Ontario Hydro has $18 billion in assets, a dependable 22.6 thousand-MW peak capacity, and residential utility bills that are only one third of New York City's. The potential of Niagara Falls as a power source prompted a 1902 drive for public power which took another 19 years to realize. An overview of Ontario Hydro's development highlights the role of a 25-man syndicate led by Adam Beck, the influence of Ontario Hydro on the developers of the Tennessee Valley Authority, the tapping of the St. Lawrence River, and the CANDU nuclear program. 1 figure. (DCK)
- OSTI ID:
- 6744854
- Journal Information:
- Public Power; (United States), Vol. 40:5
- Country of Publication:
- United States
- Language:
- English
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