TORONTO, May 3 /CNW/ - Today the Ontario Energy Board (the Board) announced electricity distribution rates for Cooperative Hydro Embrun Inc. (Embrun). The new rates are effective May 1, 2010.
The delivery line of electricity bills will increase by approximately 15.9% or $4.75 for Embrun's residential customers using 800 kWh per month. The delivery line represents about one-third of the total bill.
Embrun requested $807,951 to cover its costs for the 2010 rate year. As a result of the Board's Decision Embrun will recover a revenue requirement of $825,138.
The increase in the revenue requirement is a result of underestimated regulatory and tax expenses in the original application.
Embrun will also recover $19,680 from its ratepayers over a period ending April 30, 2011 to clear certain deferral and variance accounts.
A table of the estimated bill impacts on residential consumers is available on our website at http://www.oeb.gov.on.ca/OEB/_Documents/2010EDR/bill_impacts_2010.pdf.
For more information please refer to the 2010 Electricity Distribution Rates Backgrounder on our website site at http://www.oeb.gov.on.ca/OEB/_Documents/Press+Releases/bckgrndr_2010.pdf.
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 and works toward this vision through regulation that is effective, fair and transparent. For more information on the Board, please visit our web 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.
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SOURCE Ontario Energy Board
For further information: For further information: Media Inquiries, Vanda Wall, Ontario Energy Board, (416) 544-5171; Public Inquiries, (416) 314-2455, Or 1-877-632-2727