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2012-06-13 at 16:46

Minister says energy rate structure will help region’s economy

By tbnewswatch.com
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Northern Development Minister Michael Gravelle appears confident a new energy rate structure will help grow the Northern economy. 

Starting next year, companies that create jobs and make a large investment could qualify for a reduced industrial electricity rate.

Gravelle said the initiative is all about attracting new investment to the region.

“(The energy rate structure will) also to help companies that are looking at expanding their operations and creating new jobs to be able to qualify as well,” he said during an interview with CKPR Radio.

“It’s a program that will fit the needs of industry in the province certainly, but very specifically in Northern Ontario.”



(CKPR Radio)

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Comments

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chbaker says:
Yes, the adjusted rates will help large multi million/billion dollar corporations.

Meanwhile, the little guy is being strangled to death by the local gouging electricity company.
6/13/2012 4:55:37 PM
ring of fire dude says:
And of course the taxpayers/ratepayers will have to subsidize big buisness again .
6/13/2012 5:46:27 PM
Arch Stanton says:
Quote: "Companies that create jobs and make a large investment could qualify for a reduced industrial electricity rate."

Not much use when the mass-exodus of WORKERS from Thunder Bay continues apace...
6/13/2012 6:12:53 PM
eddylives says:
Its about time but it needs to include all rate payers......not just a few big players.
6/13/2012 6:42:58 PM
tiredofit says:
This worked really well for GM in Oshawa didn't Mike, a mere 2000 people let go and they clearly pointed the finger at the high energy costs as a major factor in the decision to close the plant. Yeah, great plan Ontario. Second highest electricity costs in North America and we continue to pay huge subsidies to the Wind & Solar Industry for power we can't use or store. Where's the thousands of jobs that plan was supposed create Mike? Even the few plants that create solar panels and turbine parts are leaving the province!!
6/13/2012 8:10:31 PM
Fluffy says:
I can see my hydro bill getting even bigger
6/13/2012 8:59:47 PM
itshell says:
Hey Gravelle too little too late...the pulp and paper mills for years were telling you guys that...
6/14/2012 6:55:02 AM
Knowledge Worker says:
Yeah but that would require investment on the forestry companies behalf to receive the funding... Those who get Gov't dollars to open/close should not be eligible (i.e. GM, pulp & paper, etc.)
6/15/2012 11:16:59 AM
Ranma says:
Ah more corporate welfare. Gotta love how these companies that make billions in profits can not do it without tax breaks and other incentives to ensure that jobs are kept here. If anything these companies should only be getting rebates based on their employee retention.

We have it happen too many times where companies demand a tax cut, or incentive to hire people, then close up shop a year or so later and move down south. We have to stop the corporate welfare, especially to the oil industry.
6/17/2012 2:21:15 AM
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