______________________

John Pickernell

Assistant Board Secretary

Ontario Energy Board

416-440-7605

Fax: 416-440-7656

Website: www.oeb.gov.on.ca

Official Correspondence: BoardSec@oeb.gov.on.ca



Address:

P.O. Box 2319

2300 Yonge Street 27th Floor

Toronto, ON

M4P 1E4

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From: Somerville, Judy [mailto:judy.somerville@cibc.ca]
Sent: August 26, 2009 9:17 AM
To: BoardSec
Cc: lgreen@crfa.ca
Subject: re: EB-2009-0096



Judy Somerville

Box 936, Winchester ON K0C 2K0



I ABSOLUTELY NOT agree to the proposal of a 22.8% increase in electricity distributions rate from Hydro One Networks Inc. for 2010 and 2011.

In fact it would be a larger increase due to the Harmonization tax that is also occurring, thanks to “boondoggle everything” McGunity.



Am I mistaken, isn’t Hydro One an independent business not a government organization.

Canada Revenue Agency (CRA) is a government organization. If deficits occur, tax rates can be changed but so can the governmental party

that is elected by the Canadian population.



We do not have a choice from whom we receive our hydro services .the Canadian economy is in a recession and will be for 2 to 3 years.



Stop being greedy, perhaps Hydro One should convert their pension plan to a Defined Contribution Plan ( like all the other independent businesses in Canada) and save the tax payers millions and not increase our rates.



Judy Somerville, CFP., is an Associate Investment Advisor working with John D. Kerr, Investment Advisor. CIBC Wood Gundy is a division of CIBC World Markets Inc., a subsidiary of Canadian Imperial Bank of Commerce and Member CIFP. (613) 783 -4633 or Canada Toll Free 1-800-267-9345.





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