The electric utility will cap its residential rate increase at three per cent, according to Michael Sabia, who was speaking at a parliamentary commission on the province’s new energy bill. That’s in line with its action plan introduced in November, which promised similar yearly hikes until at least 2035. Commercial and industrial customers can expect to see hikes of between four and five per cent, Sabia said. (The Logic)

Talking point: These rates appear to be lower than the “significant increases” that outgoing innovation minister Pierre Fitzgibbon predicted would be necessary to curb energy consumption in the province. Hydro-Québec will also set up a training institution in part to service its need for 35,000 construction workers a year, Sabia said Tuesday.