Enbridge contemplates rate hike

In other inflation news: The cold winter will see Ontario customers of Enbridge paying more over the next couple of years for this past winter. “Enbridge says the Ontario Energy Board has confirmed an interim rate hike granted earlier this year, but has told the utility to spread the costs over a longer period...The increase in energy prices will be spread over 27 months instead of the 12 months that Enbridge originally proposed.” Enbridge told the regulator earlier this year that the rate increase was needed to cover the added costs from what it called Ontario’s coldest winter in 37 years. Enbridge was forced to buy more natural gas – at a much higher cost –than expected.

Read the full story.

For more Newswire stories:
Top fine for top player
Canadians fretting about interest rate
Pressure at the gas pump hits consumers
Enbridge contemplates rate hike
It’s the economy, Ontario candidates!
China conflict roils market
RBC rakes it in with fees
Funny Friday