11/07/2000

Toronto, ON., November 17, 2000. In response to Energy Minister Jim Wilson's announcement that the Government will not proceed with Bill 100, AMO President Ann Mulvale said, "The Minister has acted wisely."
AMO agrees with his assessment that the Ontario Energy Board (OEB) is able to fulfil the intent of Bill 100 and provide sufficient protection for consumers.

On September 20th, the OEB, in response to the Minister's Directive, issued its decision that municipal electric utilities should be permitted to reach a market-based rate of return through phased-in increases.

"We are pleased with the Minister's decision and other actions he has taken recently with respect to electricity restructuring, including the extension of the 33% transfer tax exemption, and flexibility in the requirement to incorporate electricity assets slated for sale."  Bill 100 would have imposed a defacto moratorium on distribution rate increases until February 2003.  

The Association of Municipalities of Ontario (AMO) is a non-profit organization with member municipalities representing 98 per cent of Ontario's population. The mandate of AMO is to promote, support and enhance strong and effective municipal government in Ontario.

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