Government of Ontario news release:
Natural Gas Access Loan and Natural Gas Economic Development Grant to Lower Prices, Help Businesses and Create Jobs
NEWS April 24, 2015
Ontario is expanding natural gas access, in areas of the province that are not currently served, through the Natural Gas Access Loan and the Natural Gas Economic Development Grant to lower prices, help businesses and create jobs.
Increased natural gas access, through the $200 million Natural Gas Access Loan and $30 million Natural Gas Economic Development Grant, will attract new industry, make commercial transportation and agriculture more affordable, help to create jobs, provide more energy choices and will lower electricity prices for businesses and consumers across Ontario.
In the coming year, the province will reach out to communities to seek input on the design of the natural gas programs and will encourage communities to partner with utilities to bring forward expansion plans. As well, the Ontario Energy Board is accepting proposals for natural gas expansion projects. Applicants are invited to identify options that would address any regulatory impediments and the Board will consider these options as part of its review.
Investing more than $130 billion over 10 years in public infrastructure ¬-- the largest infrastructure investment in the province's history -- is part of the government's plan for Ontario. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.
QUICK FACTS
• These natural gas initiatives are being led by the Ministry of Economic Development, Employment and Infrastructure with support from the Ministry of Energy and the Ministry of Agriculture and Rural Affairs.
• Natural gas heating is significantly less expensive than electric or oil heating.
• Consultations will take place with a diverse range of stakeholders, including farmers, utilities, municipalities, businesses and Ontario families.
• Natural Gas is a key fuel and feedstock for many Ontario industries, including manufacturing and petrochemicals.
