Customer Contribution Time Payment Plan

A customer with approved credit can apply for financing for:

  • an individual service extension;
  • plant relocation;
  • or conversion from overhead to underground wiring facilities.

The plan is available to all customers under the following conditions:

  • the service extension or plant relocation is permanent;
  • the applicant is either:
    1. the property owner;
    2. the holder of a lease with a minimum of 10 unexpired years for property in a provincial or national park.

Financing information

  • You can finance up to $10,000 per property.
  • The maximum financing term is 10 years.
  • The annual interest rate is fixed at 5.5 per cent (O.A.C.) for the first 5 years of the loan.
  • The minimum monthly payment is $15.
  • The minimum that can be financed is $500.
  • The loan becomes due and payable when the house is sold. The loan is not transferable.

Check with your local district office to see if your plans qualify.