TORONTO, Sept. 8 /CNW/ - Today the Ontario Energy Board (the Board)
denied a request from North Bay Hydro Distribution Limited (North Bay) to
establish rate riders for the purpose of collecting revenues based on
corrected retail settlement variance account "RSVA" balances.
North Bay filed an application with the Board on April 21, 2009, under
section 78 of the Ontario Energy Board Act, 1998), seeking approval for a
proposed schedule of rate riders (added to customer charges) to be recovered
be effective for the period July 1, 2009 to June 30, 2012.
North Bay requested disposition of a total of $2,029,825 of its RSVA
balances as of December 31, 2008 (dating back to May 1, 2002). North Bay also
requested the disposition of carrying charges associated with the above
balances of $17,149 for the period of January 1, 2009 to through June 30,
2009. The total overall requested disposition is $2,046,974.
Differences between the actual cost of electricity, transmission and
wholesale market services and the amounts charged to customers are recorded in
RSVA accounts. The OEB reviewed the request from North Bay to "true up" the
amounts charged to customers for these services through additional rate rider
The Board denied the rate riders request from North Bay because the Board
had reviewed and disposed of North Bay's RSVA balances as of December 31, 2004
on a final basis as part of North Bay's 2006 rate setting process. The Board
left it open to North Bay to file for disposition of the account balances
related to the time period January 1, 2005 to December 31, 2008 in North Bay's
upcoming 2010 cost of service application.
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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For further information:
For further information: Paul Crawford, Ontario Energy Board, (416)