OEB Announces 2007 Electricity Distribution Rates



    TORONTO, April 30 /CNW/ - Today the Ontario Energy Board (the Board)
released 2007 electricity distribution rates for the following utilities:

    
    -  Canadian Niagara Power Inc. - Port Colborne
    -  Canadian Niagara Power Inc. - Fort Erie
    -  Lakeland Power Distribution Ltd.
    -  Brantford Power Inc.
    -  Peterborough Distribution Inc.
    

    The distribution rate changes, which take effect May 1, 2007, vary from
utility to utility and are included under the "Delivery" line of consumers'
bills. Utilities applied for distribution rate changes using the Board's
incentive regulation guideline. The guideline provided a modest increase due
to inflation less an adjustment to encourage utilities to find efficiencies in
their operations. In some instances, the decisions also reflect approved
funding for smart meters and conservation and demand management.
    The distribution rates for utilities announced today, follows the
April 12, 2007 Board announcement of the new electricity commodity prices that
will also take effect May 1, 2007. The new regulated commodity prices will be
reflected on the "Electricity" line of consumers' bills.
    Distribution rates cover the cost to deliver electricity from local
utilities to consumers' homes or businesses. They include the costs associated
with building and maintaining distribution lines and administration costs.
    In setting the distribution rates and electricity prices the objective of
the Board is to establish fair prices for consumers while maintaining a viable
energy sector.
    A table of the estimated combined impact of the two announcements on
residential consumers, as well as rate Decisions for individual utilities are
available on the Board's website. Additional information regarding the
application of a specific utility can be obtained by contacting the utility
directly.

    The Ontario Energy Board regulates the province's electricity and natural
gas sectors in the public interest. It envisions a viable and efficient energy
sector with informed consumers served by responsive regulatory processes that
are effective, fair and transparent.
    For more information, please refer to the attached backgrounders, visit
the OEB website site at www.oeb.gov.on.ca or contact the Consumer Relations
Centre at 416-314-2455 or toll-free at 1-877-632-2727.





For further information:

For further information: Paul Crawford, Ontario Energy Board, (416)
440-7607


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