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Soaring hydro costs halt production (08/01)

Escalating hydro costs shut down the Kidd Creek metallurgical division in Timmins for a couple of days for the second time this summer. The heat wave that gripped much of Ontario in late July and early August resulted in soaring hydro costs.
Northern Ontario Business Staff

Escalating hydro costs shut down the Kidd Creek metallurgical division in Timmins for a couple of days for the second time this summer. The heat wave that gripped much of Ontario in late July and early August resulted in soaring hydro costs. Falconbridge Ltd. states electricity prices had jumped from an average of five cents per kilowatt hour to 31 cents. To operate the facility at full capacity would have cost Falconbridge $1 million a day. Fifty employees were sent home with the choice of either taking a day off without pay or using a vacation day.