MAIN HEADING: Ministry of Energy - THE ESTIMATES, 2014-15 - Summary

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Ministry of Energy - THE ESTIMATES, 2014-15 - Summary

The Ministry of Energy is responsible for setting the legislative and policy framework to assure a clean, reliable, and affordable energy system for all Ontarians.

The Ministry develops and advises on all aspects of energy policy for Ontario, including electricity, natural gas and oil. It oversees the Ontario Energy Board, Ontario Power Authority and Independent Electricity System Operator. The Ministry also represents the shareholder in dealings with Hydro One and Ontario Power Generation.

The Ministry is also responsible for updating and developing policy related to the Long-Term Energy Plan (LTEP).

The Ministry of Energy works with many partners inside and outside government to develop the electricity generation, transmission, distribution and other energy-related facilities that help power our economy, and ensure that Ontario remains one of the best places in the world in which to live, work, invest and raise a family.

MINISTRY PROGRAM SUMMARY
($)
VOTE PROGRAM

Estimates
2014-15

Estimates
2013-14

Difference
Between
2014-15
and
2013-14

Actual
2012-13

  OPERATING EXPENSE        
2901 Ministry Administration Program 16,366,100 16,163,000 203,100 13,157,989
2902 Energy Development and Management 38,940,100 38,487,400 452,700 70,558,962
2905 Electricity Price Mitigation 1,125,500,000 1,065,000,000 60,500,000 1,017,734,273
Less: Special Warrants 400,503,700 - 400,503,700 -
  TOTAL OPERATING EXPENSE TO BE VOTED 780,302,500 1,119,650,400 (339,347,900) 1,101,451,224
  Special Warrants 400,503,700 - 400,503,700 -
  Statutory Appropriations 65,014 64,014 1,000 65,968
  Ministry Total Operating Expense 1,180,871,214 1,119,714,414 61,156,800 1,101,517,192
  Consolidation Adjustment - Independent Electricity System Operator 137,073,500 144,027,000 (6,953,500) 125,240,000
  Consolidation Adjustment - Ontario Energy Board 32,183,400 32,242,900 (59,500) 33,548,700
  Consolidation Adjustment - Ontario Power Authority 57,058,000 55,931,000 1,127,000 52,669,000
  Total Including Consolidation & Other Adjustments 1,407,186,114 1,351,915,314 55,270,800 1,312,974,892
  CAPITAL EXPENSE        
2902 Energy Development and Management 1,000 1,000 - -
  TOTAL CAPITAL EXPENSE TO BE VOTED 1,000 1,000 - -
  Statutory Appropriations 1,000 1,000 - -
  Ministry Total Capital Expense 2,000 2,000 - -
  Consolidation Adjustment - Independent Electricity System Operator 22,200,000 23,150,000 (950,000) 16,551,000
  Consolidation Adjustment - Ontario Energy Board 890,600 1,068,100 (177,500) 1,241,269
  Consolidation Adjustment - Ontario Power Authority 2,520,000 3,468,000 (948,000) 4,287,000
  Total Including Consolidation & Other Adjustments 25,612,600 27,688,100 (2,075,500) 22,079,269
  CAPITAL ASSETS        
2902 Energy Development and Management 1,000 1,000 - -
  TOTAL CAPITAL ASSETS TO BE VOTED 1,000 1,000 - -
  Ministry Total Capital Assets 1,000 1,000 - -
           
  Ministry Total Operating and Capital Including Consolidation and Other Adjustments (not including Assets) 1,432,798,714 1,379,603,414 53,195,300 1,335,054,161