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economist suntribune hydro thursday nov 28 2002 we dont know how bad it will be from page 1 ference between receivables in october 2001 and october 2002 is more than 85 mil lion in richmond hill receiv ables in october 2001 were 54 million this year theyre 123 million the numbers are huge mayor cousens said as a member of the large urban mayors caucus of ontario representing munici palities with a population of more than 100000 mayor cousens and others like mississaugas hazel mccallion held a press con ference monday outlining their concerns they want to be involved as the province overhauls the hydro system to be consult ed they said transition to a competi tive market took four years and adjusting to yet another regulatory regime cannot happen overnight and will certainly attract new costs the lumco statement said however just hours after they issued that statement premier eves was tabling the new legislation the electricity pricing conservation and supply act which will when passed freeze the price of elec tricity at 43 cents per kilo watt hour for families busi ness and farmers rebate the difference between 43 cents and what people paid after may 1 when the market was opened cap at current levels the price consumers pay for the delivery of electricity through the local utilities review other charges on electricity bills to ensure they don cousens markham mayor are reasonable and create a standard provincewide elec tricity bill thats easy to read move local hydro com panies to non profit unless municipal councils decide to operate for profit offering tax incentives and tax holidays to promote conservation and encourage alternative fuels profit for local distri bution compa nies has been capped at 66 per cent but for munici- favours credits to f hydro bills l k e markham and vaughan which bought neighbouring utility richmond hill hydro for 120 million in december 2001 the profit margin might not be enough to service that debt the rate freeze will affect dividends coming from richmond hill customers dividends intended to pay the interest on the loan about 700000 a year markham and vaughan tax payers could be on the hook for those costs ive had to go back to staff and ask them if the 66 will cover those costs or will we be in trouble mayor cousens said the 700000 is the worst case scenario but we dont know yet how bad its going to be as well the mechanics of the rebate itself are problem atic and will cost about 3 to issue each cheque thats for your covers flyer in selected areas about 600000 in markham alone provincewide about 10 million if local utilities get the cheques out by dec 31 the province will cover that bill but mayor cousens still doesnt under stand why a credit cant just be issued on the hydro bill we asked for it it would be easy to do and a lot cheaper he said and if we did it that way we might qualify for a gst rebate of 5 to 7 per bill that 25 million provincewide he added that municipalities were relieved to learn they too will be receiving hydro rebates for the operation of town facilities like community centres and libraries nionville society serving seniors in york region for over 30 years a nonprofit organization dedicated to providing quality longterm care and retirement housing for seniors comprised of union villa heritage village heritage centre wyndham gardens 4300 highway 7 unionville on l3r 1l8 tel 905 4772822 wwwuhsonca purchase this notebook receive an hp 3820v printer 489496 free after rebates coupon code 5231700000000000 poweinowt compaq presario910ca notebook amd athlon xp 1500 1 33 ghz processor with powernow technology 256 mb ram 30 gb hard drive cdrwdvd combo drive 141 tft screen windows xp home 497558497559 proteva amd xp1700 amd athlon xp1700 operates at 1 47 ghz with quantispeed architecture 17 monitor 40 gb hard drive 48x12x48x cdrw 1 year onsite warranty built and shipped in 7 business days c 499427 t see store for details 1 28 mb ddr ram 10100 nic 2 front usb ports 999 100pack 24x cdr spindle 80 minutes 479609 price after rebates 9 47 our price 8796 mailin rebate 30 instant rebate 10 3 purchase this notebook i receive an hp pi 20 digital camera 496447 free after rebates coupon code 5235000000000000 i 0 v a ft pavilion ze5 155 notebook intel pentium 4 1 8 ghz processor a 512 mb ram 40 gb hard drive cdrwdvd combo drive 1 5 tft screen windows xp home 497594 our price 254985 mailin rebate 160 price after rebate 2389 85 save 100 envision sccnvwc- 775e 17 flatscreen monitor onscreen digital controls 1280x1 024 max resolution 486008 highquality jewing at an amazing price price after rebate valid until december 3 2002 or while quantities last not all items available with delivery or online orders for the nearest staples business depot and store hours call 1 8006686888 staples www jfusinessdepotcow