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2-The Canadian Champion, Tuesday September 3, 2002 Town council's hands tied in hydro deposit issue AIavor J<rcnt- saYis' 1w an on ccUept dP.(tn By RICHARD VIVIAN The Champion There's nothing town counicil can do to help local businesses fight Milton Hydro over demnands for sizable secu- rity deposits, says Mayor Gord Krantz. "I tbink we'd be on thin ground to do anytbing besides receive this delegation," the mayor said during a Mfilton Chamnber of Commerce delega- lion 10, council Monday. "I caution you (council) about getling int making any other resolutions because of the Corporations Act." Under the Corporations Act, business opera- lions are the responsibiliîy of the board of direc- tors and not shareholders. The delegation appeared before council know- ing council bas no political pull on the issue - even though the Town is the sole shareholder of Milton H-ydro, said Chamber President Dawn Case. "Basically, what we were looking to do here lonighî is tb give counicil information 10 help you understand our position on Ibis securily deposit policy," she bold council as she introduced îhree represenlalives from local businesses affecîed by the deposils. AIl three businesses (MCL Fleal Transfer, IndustniaI Cenuinic,ý tid.iSKI) (C împainvciid ! c1 i wkouf u cC :Lullyiid' epucili ccc i iu plans to expand their Milton facilities. "We have plans in place 10 expand the business and spend about $13 million to increase employ- ment by over 50 people," said Edward Cooray of SKD. "Our owners are American and they have over 100 such companies througbout the world. I will not bc able to figbt for any future capital or increased employment in the town of Milton if this (deposits> is implernented. That isn't a threat, it's a promise." Earlier this summer, Milton Hydro informed 220 of ils largest commercial consumners they would be required 10 pay security deposits equal to 2.5 montbs usage at peak rates. In some cases, ii c po iu re'jic ii c'ch cicrc' ch ici S161() 0 iIC d p ) lt ï lic ilI' c ., jccI . L l i oLac i distribution company (LDC) againsî bad debts under the open electricity market. With the opening of the electricity market in May, LDCs bave been lefi to act as billing agents for power generators and retailers. As the billing agent, Milton Hydro is responsi- hIe for paying generators and retailers for the power whether il can collect from customers or not. The Ontario Energy Board, wbicb govems the energy market, is currently reviewing ils legisla- lion relating 10 bad debt recovery at the requesî of botb the Chamber and Milton Hydro, along witb other LDCs across the province. ~mcraZd E~E _________ Two trains added to Go Transit Une Transportation services in Milton have been expanded, thanks to two addiîional trains on the GO Transit line. As of today, a sixth train has been added to both the moming and evening services to and from Toronto. The new momning train leaves Milton at 8 arn., arriving at Union Station at 8:52 arn. Several other moming train times have been adjusted to make this possible. GO Transit services now leave the Milton station at 6:25 arn., 6:50 arn., 7: 10 arn., 7:25 arn., 7:40 arn. and 8 ar. The sixth train from Union Station to Milton departs frorn Toronto at 7 p.m., arriving at 7:52 p.m. This bas been made possi- ble by pusbing the 6:20 p.m. train ahead to 6: 10 p.m. Other trains leaving Toronto en route to Milton depart at 4:30 p.m .4:50 p.rn, 5: top.m. and 5:30 p.m. Due to early press deadllnes in conjunction with the Labour Day weekend, see Steam-Era coverage in this Friday's Champion edition. Milton Heights Academy LOCAThI) ON THE BIcALITIFUL GIOUNDs 0F COUNTRY HIcRITAGEI PARK, MILTON Sunday, September 15th 2:00 - 4:00 pm 4*Small Classes (14 max.) ~Qualified Teachers ~Enriched Academic Program SIndividual Student Attention SBefore & After School Care SJ.K. Fuit and Half Days 4tReasonable Fees For Further Information l"bjelm Phone 905-693-1557 I'I I 8560 Tremaine Road, i.I~ c' Milton 1APIVAF SCoi RN ..wG tiF 1 m 0