Word: electris
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...service and advice to some 700 Ontario towns & cities at cost. The municipalities in turn sell power to ultimate consumers over their own local distributing system, also at cost. Founded in 1906 by Act of Parliament, Hydro is financed by the Provincial Government but not subsidized except in rural electri-fication-a minor item. Its bonds are being amortized, so that eventually the municipalities will, in effect, own all Hydro's great plants and transmission lines, representing an investment of nearly $400,000,000, free & clear of debt...
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