Distribution Sector Economic Impact
|Employment (Direct Jobs, FTE)||10,000|
|Total Distribution Assets||$19 Billion|
|Annual Capital Spending||$1.9 billion|
|Annual Operational Spending||$1.6 billion|
|Contributions to Municipal Governments||$350 million|
|Contributions to Provincial Government||$150 million|
Operational Spending equates to “Operational, Maintenance, Administration (OMA)” spending. Dividend payments (a component of contributions to both municipal and provincial governments) are estimated; other figures are from the 2013 OEB Yearbook of Electricity Distributors.
- There are more than 70 local electrical utilities in Ontario, with service territories dispersed throughout the province.
- They require a wide diversity of employees and expertise, providing employment in fields including engineering; line crews; various specialized trades; customer service; and the full range of administrative, managerial and professional skills.
- Their annual operational spending is concentrated within and near their service territories providing significant direct local economic benefits.
- Direct economic benefits also include significant capital spending, in part to continually maintain and upgrade extensive infrastructure (including, for example, close to 200,000 km of power lines).
- They deliver significant financial contributions to municipal governments, in the form of dividends, interest payments and property taxes; and to the provincial government in the form of dividends and payments-in-lieu of taxes.