Issue Date: Apr 30, 1993
ONTARIO Hydro's newly appointed chairman, Maurice Strong, has initiated steps to reduce the corporation's debt and review its operations, including its nuclear programme. Ontario Hydro, Canada's largest power corporation, owes US $29 billion. It raised its rates by 11.8 per cent in 1992 and in addition shelved expansion plans, retrenched 1,950 workers, froze unsigned private sector projects and shut down two generating units.
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