JUNE 9, 1998: FOR IMMEDIATE RELEASE:
Independent Power Producers praise government
legislation on electricity competition
"The Government's move to introduce competition in electricity will bring long-lasting benefits to the people of Ontario: as consumers, as taxpayers, as
workers, and as custodians of the environment," said Al Barnstaple, President of
IPPSO, the Independent Power Producers' Society of Ontario.
"By allowing competition in the generation and sale of electricity, this legislation
will make the electricity industry more efficient, innovative, and cost-competitive.
It will also stimulate new investment and create jobs. By removing Ontario
Hydro's monopoly, long-standing problems of financial accountability and
environmental responsibility can be resolved.
"The announcement by TransAlta Energy Corp. and 7 Sarnia-area companies last
week is just the first in a string of positive new investments that will eventually be
triggered by this legislation," Barnstaple predicts. "When the legislation is
enacted, the fundamentals will be excellent for new investment and job creation
in Ontario's power sector. We could soon see an impressive range of high-efficiency cogeneration, community-based energy systems, renewable energy
and possibly export-oriented projects set up in Ontario."
"A new era of consumer protection and choice will begin with the OEB having
regulatory authority over the wires monopolies and competition practices. The
wisdom of this initiative will become clearer and clearer over time, as customers
begin to exercize their new right to choose their electricity supply options, and
most new electricity investments become subject to market tests, and the
discipline of competition."
"This legislative initiative and Minister Wilson's preceding White Paper on
electricity competition could turn out to be the greatest single contribution made
this decade to Ontario's economic development. IPPSO and its members fully
endorse this important step and will continue to participate in the reform of the
electricity sector in Ontario."
IPPSO is a non-profit organization representing over 500 individuals and companies involved in independent power production and related efforts such as equipment supply, consulting and environmental work. IPPSO members produce power from cogeneration, small hydro, wind energy, waste wood and other sources.
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For further information:
Al Barnstaple, President 416-224-9569
Jake Brooks, Executive Director 416-322-6549
Bruce Ander, Director 416-667-5724
Tom Brett, Director 613-236-3882
Jay Shepherd, Counsel 905-629-9035
John Brace, Director 416-962-6262
Stephen Probyn, Director 416-777-2800
Independent Power Producers' Society of Ontario (IPPSO)
PO Box 1084, Stn. F, Toronto, Ont. M4Y 2T7
tel.: 416-322-6549 fax: 416-481-5785