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London Hydro Agrees to Pay $10 Million Dividend to City of London
London City Council will be riding high into multi-year budget talks next month, thanks to a $10 million dollar windfall from London Hydro. After the publicly-owned utility agreed to hand over the one-time dividend on Tuesday, the focus now shifts to deciding where Council should spend the money. The lump sump of $10 million dollars may not sound like much when dealing with City Hall's annual budget of $1 billion dollars, but it sets Council up well for long-term budget talks in May. The...

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