Ministry of Energy - THE ESTIMATES, 2007-08 - Summary

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Ministry of Energy - THE ESTIMATES, 2007-08 - Summary

The Ministry of Energy's mandate includes the creation of an energy conservation culture while ensuring a reliable, sustainable, and diverse supply of energy at competitive prices, with minimal impact on the province's environment. The Ministry develops and advises on all aspects of energy policy for Ontario. Through its oversight of the Ontario Energy Board, the Ontario Power Authority and the Independent Electricity System Operator, the Ministry is responsible for setting the legislative policy framework to assure safe and reliable supply and delivery of both electricity and natural gas to the province's energy consumers. The Ministry also represents the shareholder in dealings with Hydro One and Ontario Power Generation.

MINISTRY PROGRAM SUMMARY
($)
VOTE PROGRAM

Estimates
2007-08

Estimates
2006-07

Difference
Between
2007-08
and
2006-07

Actual
2005-06

  OPERATING EXPENSE        
2901   Ministry Administration Program 8,101,400 7,649,600 451,800 6,195,369
2902   Energy Sector Transformation Program 59,410,900 18,657,700 40,753,200 16,717,118
   Less: Special Warrants 26,700,000 - 26,700,000 -
  TOTAL OPERATING EXPENSE TO BE VOTED 40,812,300 26,307,300 14,505,000 22,912,487
   Special Warrants 26,700,000 - 26,700,000 -
Statutory Appropriations 62,699 50,244 12,455 46,964
  Ministry Total Operating Expense 67,574,999 26,357,544 41,217,455 22,959,451
   Net Consolidation Adjustment - Independent Electricity System Operator 102,155,000 102,500,000 (345,000) 97,679,000
   Net Consolidation Adjustment - Ontario Energy Board 29,563,000 30,000,000 (437,000) 24,055,400
   Net Consolidation Adjustment - Ontario Power Authority 56,147,400 29,100,000 27,047,400 21,394,689
   Consolidation and Other Adjustments - - - (1,136,230)
  Total Including Consolidation & Other Adjustments 255,440,399 187,957,544 67,482,855 164,952,310
           
  CAPITAL EXPENSE        
   Net Consolidation Adjustment - Independent Electricity System Operator 32,075,000 39,300,000 (7,225,000) 40,536,000
   Net Consolidation Adjustment - Ontario Energy Board 1,800,000 1,800,000 - 965,200
   Net Consolidation Adjustment - Ontario Power Authority 1,042,600 300,000 742,600 270,076
  Total Including Consolidation & Other Adjustments 34,917,600 41,400,000 (6,482,400) 41,771,276
           
  Ministry Total Operating and Capital Including Consolidation and Other Adjustments (not including Assets) 290,357,999 229,357,544 61,000,455 206,723,586