Alectra Utilities submits 2027-2031 rate application to the OEB
AI Article Summary
Alectra Utilities has submitted a five-year rate application to the Ontario Energy Board, detailing plans to enhance its electricity distribution system between 2027 and 2031. The proposed $3.1 billion plan reflects input from around 50,000 customers in Ontario’s Greater Golden Horseshoe Area. Residential customers can expect an average monthly rate increase of $2.88, and small businesses an increase of $5.35, pending approval. The plan emphasizes providing reliable service and supporting sustainable growth in response to population and economic changes.
What This Means for Canadian Contractors
This project shows how utilities are investing significantly in infrastructure to cater to growing demands. For Canadian builders, this means potential opportunities in servicing these infrastructure upgrades, likely requiring skilled labor and coordination with utility projects. Additionally, there may be impacts on local construction logistics and demand for materials.
