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Orono Hydro Debenture Plan to Meet Capital Needs
Orono Hydro Commission met with Ontario Hydro representatives to review finances and plan a debenture program. They expect a 6000 to 10000 dollar issue for 1963 to fund transformer upgrades, three phase power, line rebuilds, and metering equipment with rates kept steady. The study shows a 5750 dollar gross surplus for 1963, 3100 for depreciation, net 2650, to be applied to capital costs.
MENTIONED IN THIS ARTICLE
Ontario Hydro
Hydro
Clarke
Hydro Commission
Municipal Board
Ontario