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Hydro Breaks for New Industry

Large industries looking to expand or set up shop in Ontario will be able to qualify for lower electricity prices starting next year. Eligible companies could qualify for a reduced electricity rate if they create new jobs and bring new investment to Ontario. Companies that make a minimum investment of $250 million will be eligible for long-term contracts at the wholesale market price, about 30 per cent less than current rates. If the new jobs disappear, so the company's access to the lower electricity rate.\

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