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Monday, May 2, 2011
May 2, 2011 (Cornwall, Ontario) - Cornwall Electric customers will experience a moderate rate increase of 3.26% effective July 1, 2011. Michael Pescod, Regional Manager of Cornwall Electric, attributed the increase to the contractual provisions included in the long-term wholesale electricity supply contract negotiated with Hydro Quebec in 2008 and a billing adjustment by Hydro Quebec for energy previously supplied and consumed but not invoiced. Following this increase, the rates charged by Cornwall Electric continue to be less than rates charged five years ago.
Monday, April 11, 2011
April 11, 2011 (Cornwall, Ontario) - Cornwall Electric has donated $40,000 towards the main rink score clock for Cornwall’s new Three-Plus One Centre. The centre is a premier community complex where hockey, soccer and tennis may be played all under one roof.
“Our Company is an integral part of the Cornwall community and is proud to make this donation” said Michael Pescod, Regional Manager of Cornwall Electric. “A state of the art facility like this is a welcome addition for the community. This amenities centre is a benefit to the entire community supporting active and healthy lifestyles as well as stimulating the local economy when hosting sporting events.”
Tuesday, May 4, 2010
May 4, 2010 (Cornwall, Ontario) - Cornwall Electric customer’s rates will increase 2.75% June 30, 2010. Michael Pescod, Regional Manager of Cornwall Electric, attributed the moderate increase and first in the past four years to the long-term wholesale electricity supply contract negotiated with Hydro Quebec by Cornwall Electric on behalf of its customers in 2008.
This long term agreement ensures reliability of supply and rate stability. The last retail rate increase was 2007 followed by a reduction of 6.2% in the 2008/2009 rate year. It is projected that future annual price adjustments will average at or near inflation until 2019.
