LONDON, ONT. A proposal to restructure London Hydro will test if city council is willing to relax its influence over the utility in exchange for a chance at new revenue streams. London Hydro would like to market its Green Button program and other advanced technologies to other electrical distribution companies. Ontario Energy Board (OEB) regulations, however, restrict electrical distribution companies’ ability to do so, unless they establish a separate retail corporation. “Council needs to consider whether it wants to support moving into these innovative technologies as a public entity,” explains Deputy Mayor Josh Morgan. Marketing the advanced technologies developed by London Hydro might generate revenue that would offset future electricity bill increases and pay city hall higher dividends.
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