Canadian Developer Anticipates Deregulation

Briefly Noted

2002-02-18 [] O&Y Properties Corp. announced recently that its real estate services division has entered into a multi-year agreement with Toronto Hydro Energy Services Inc. for the supply of electricity to its managed and owned properties in Ontario. Under the terms of the agreement, O&Y Properties and its clients can obtain a fixed electricity price for their Ontario properties. The arrangement is expected to take effect in May 2002, when it is anticipated that deregulation of the electricity market will take place in the province. In addition, as an industry leader in energy conservation in its commercial buildings, O&Y will also be participating in Toronto Hydro Energy Services’ new energy monitoring programs.
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