TORONTO, ONTARIO--(Marketwired - April 28, 2016) -
Note to editors: There is a photo associated with this press release.
Jamie Milner, Vice President at Enbridge Gas Distribution Inc. (Enbridge) presented a cheque for just over $635,000 to Toronto Community Housing's President and CEO Greg Spearn yesterday. The contribution - one of the biggest energy efficiency incentives ever issued by Enbridge - is to offset the costs for energy efficiency improvements made by Toronto Community Housing in 2015 as part of the company's 10-year capital repair program. The rebate will be reinvested to fund additional energy efficiency upgrades to aging Toronto Community Housing buildings across the city.
At the Toronto Community Housing Board Meeting, Milner congratulated Spearn on their conservation efforts. As part of the most recent project, 90 boilers that provide space and water heating to 43 apartment buildings were upgraded. These boiler replacement projects will achieve close to 1.6 million m3 and $300,000 of annual natural gas savings. This is substantial considering that 27 per cent of Toronto Community Housing's operating expenses are slotted for utility costs. This incentive payment will significantly offset increases in electricity and water costs.
- Through Enbridge's affordable housing program, Toronto Community Housing is receiving $635,000 towards 90 new boilers that are providing space and water heating to 43 buildings with over 5,000 households.
- This will result in approximately $300,000 of annual natural gas savings and a greenhouse gas reduction of 3,000 tonnes of carbon dioxide equivalent (CO2e) per year - equivalent to taking 632 passenger vehicles off the road for one year.
- A modest component of the financial incentive represents enhancements to the district heating system at Regent Park.
- In 2015, Enbridge and Toronto Community Housing signed a MOU to improve the insulation of their single family homes at no cost through Enbridge's Home Winterproofing Program.
- Enbridge is working very closely with Toronto Community Housing to improve the mechanical systems and energy performance of their buildings. In addition to the financial incentives to help reduce the cost of energy efficient equipment, Enbridge has also provided (and continues to provide) financial subsidies towards energy audits and building assessments, energy monitoring services to identify energy saving opportunities that will result in a reduction in utility bills.
"We remain committed to helping the Toronto Community Housing manage their energy bills and improve the condition of their buildings. Not only will they be able to redirect funds to other important upgrades as a result of these savings, Toronto Community Housing residents will benefit from system improvements and more reliable energy." - Jamie Milner, Vice President of Market Development, Enbridge Gas Distribution.
"This partnership with Enbridge is another example of Toronto Community Housing working together with the private sector to improve our buildings. Thanks to Enbridge's contribution towards these 90 new boilers we will reduce our energy consumption and utility costs by over $300,000 per year, while also improving heating and hot water reliability for residents in 43 of our buildings."- Greg Spearn, President and CEO, Toronto Community Housing
About Enbridge Gas Distribution
Enbridge Gas Distribution Inc. has a more than 165-year history and is Canada's largest natural gas distribution company. It is owned by Enbridge Inc., a Canadian-based leader in energy transportation and distribution. Enbridge has ranked as one of the Global 100 Most Sustainable Corporations for the past seven years and was also named as one of Canada's Top 100 Employers in 2015. Enbridge Gas Distribution and its affiliates distribute natural gas to over two million customers in Ontario, Quebec, New York State and New Brunswick. For more information, visit enbridgegas.com or follow us on Twitter @EnbridgeGasNews.
About Toronto Community Housing
Toronto Community Housing (www.torontohousing.ca) is Canada's largest social housing landlord, providing homes for nearly 60,000 low- and moderate-income households in neighbourhoods across the city. We are wholly owned by the City of Toronto and our 2,100 buildings represent a $9-billion public asset.
To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20160428-TCH-800.jpg
For more information please contact:
Manager, External Communications
Manager, Media and Public Relations