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Page 16, Tuesday, Oct. 27, 1992, News OPEN HOU You are invited to a RETIREMENT PARTY for Henry (Nick) Bain Friday, Nov 6, 1992 at 8:00 p.m. at The Schreiber Legion Hall Cash Bar Wishing Well Don't believe every- thing vou read --unless you read it in The News Hydro scaling back long term projects to try and reduce rate Ontario increases Cost-cutting measures approved by Ontario Hydro's Board of Directors will result in lower electricity rate increase in the future, says Hydro Chair and CEO Marc Eliesen. Eliesen says the Board has approved a plan proposed by management to reduce capital expenditures by more than $7 billion over the next 10 years. The lower capital costs, combined with the planned $115 million in reduction of operating costs, will lead to lower electricity rate increases in Ontario, he says. "We have a responsibility to the ratepayers of this province . Vhank You | The familics of Doug Sands and Roland Creuin express | ocr deepest heartfelt thanks ta all in the community whe helped in the search for oun sous Warren aud "Jorrin ou the night of Thursday, October 22nd. We extend sun special apepreciation to the "Jonrace Bay Police and the Ontanris Provincial Police detachments respectively far their shill and promptness im organizing the search, ta Kimberly Clarke far then ready assistance, ta the "Jonace Gay Pine Department, Dr. Wilkes and to Hud ts all oun neighbours, friends and concerned citizens whe responded 30 guichly and with such Care On Bur bchal}, please accept our warmest thanks. We will long |) made 0 find our dons, safe and sound. Doug and Cronyn Sande, to provide a competitively- priced energy service," says Eliesen. "the cuts in operating budgets will moderate rate increases in the short term and the capital project deferrals will help keep increases down in the longer term." Most of the capital cost reductions will come by defer- ring planned generating and transmission projects and some energy management programs. The need for these deferrals results from either negative or flat growth in the demand for electricity in the last three years, combined with a lower forecast of future sales. This has created a significant poten- tial surplus of generation. While the impact of the cap- ital program deferrals will not be immediate, Eliesen says it will result in electricity prices being about 10 per cent lower in 2002 than they would have been otherwise. The Board has decided to seek a mutually acceptable arrangement with Manitoba Hydro that will allow Ontario Hydro to defer for five years the Ontario-Manitoba Intercon- nection and some other trans- mission projects. Hydro will defer for up to 10 years the Little Jackfish and Patten Post hydro-electric pro- jects in northern Ontario, and the Lake Gibson project near Thorold. The Board has reaffirmed energy management programs as Hydro's top priority, but some some programs will be deferred for about five years. Although non-utility genera- tion will help meet electricity needs, the projected surplus has forced Hydro not to con- tract for any new projects over five megawatts, other than those already committed or under negotiation. "We are committed to a viable NUG industry in Ontario," says Eliesen. "But we also want to manage the success of non-utility genera- tion so that the projects come into service when the electrici- ty is needed." Hydro still intends to seek approval for hydro-electric projects on the Niagara and Mattagami Rivers. "As existing sites, the Beck and Mattagami projects repre- sent unique opportunities to add low-cost, low environmen- tal impact generation," says Eliesen. Both projects are subject to environmental review. The Board has requested a complete review of further capital expenditures for the Bruce A Nuclear Generating Station. Capital expenditures for Bruce A will be minimized while the review is underway. The review is expected to take about six months. Hydro will mothball two units at the Lakeview Thermal Generating Station in Missis- sagua and investigate convert- ing two units at the Lennox Generating Station near Kingston to dual fuelling (gas/oil). Hydro is also review- ing the timing of installation of fossil emission controls on thermal stations. "While we will continue to look for ways to further trim our costs, at the same time Hydro has a responsibility to maintain the reliable system our customers have grown to expect," says Eliesen. Harvard study Women who consume foods rich in both beta- carotene and vitamin E have been found to have almost half the number of heart attacks and strokes as those who do not eat this type of diet according to a study car- ried out at Harvard Medical School. The results of this study were recently reported on in the Medical Post. The study began in 1980 and involved 87,245 nurses who were between the ages of 34 and 50. At the start of the study, all of the women filled out a detailed ques- tionnaire on their eating habits. Some of the women were also asked to keep detailed food diaries for four separate one week periods. Coming out of our shell he time has come for us to wave our flag... blow our horn... come buy will provide a more cost-efficient reach with a 10% out of our shell. Time to summon the power of the Community Press and put it to work delivering your messages as only we can - directly into the communities you represent. higher net coverage than a 4-insertion National Daily Newspaper Campaign. That's a lot of clout and the reason we're coming out of our shell. Call your local advertising : representative today and find out how we can put you in touch with your community, or all of Canada. The latest P.M.B. results have found: ¢ 8,743,000 adults in English Canada read a community paper in the last 7 days. ¢ A "Readership to Possession Ratio" of 97% (95% in urban centres) ¢ Average issue is picked up 2.4 times. ¢ We can reach 39% of the adult population who are not exposed to the average daily (44% in urban markets) In fact, one National Daily Newspaper buy plus one National Community Press Terrace Bay Schreiber News 825374