OEB Issues 2008 Electricity Distribution Rate Order for Atikokan Hydro Inc.



    TORONTO, Sept. 29 /CNW/ - Today the Ontario Energy Board (the Board)
issued a Rate Order for a Decision on a 2008 electricity distribution rate
application for Atikokan Hydro Inc. (Atikokan). The new distribution rates are
effective June 1, 2008, but will not be implemented until October 1, 2008.
    Distribution rates are set to recover the cost to deliver electricity to
consumers based on an individual utility's cost to provide electricity
service. Distribution rates are reflected in the "Delivery" line of consumers'
bills.
    As a result of this Decision, the delivery portion of the bill associated
with the cost to distribute electricity will increase by 46% for Atikokan's
residential customers. The total monthly bill for residential consumers paying
the regulated price of electricity will increase by approximately 18% over
bills issued between May 1 and September 30, 2008.
    In its Decision, the Board noted the significant increase in the rates
applied for by Atikokan, but was concerned with Atikokan's ability to maintain
its system and continue to provide service to its customers safely and
reliably, without it. Atikokan indicated in its application that the recent
decline in the forest industry resulted in the loss of its major customer, and
over 40% of distribution load. Atikokan's distribution system is now loaded to
less than 50% of its capacity, causing the significant increase in
distribution costs assigned to its remaining customers.
    A table of the estimated bill impacts on residential consumers is
available on the Board's website at
    http://www.oeb.gov.on.ca/OEB/_Documents/2008EDR/bill_impacts_2008.pdf.
    For more information please refer to the 2008 Electricity Distribution
Rates Backgrounder on the OEB website site at
    http://www.oeb.gov.on.ca/OEB/_Documents/Press+Releases/bckgrndr_2008_EDR.

    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 at www.oeb.gov.on.ca or contact the Consumer Relations Centre
at 416-314-2455 or toll-free at 1-877-632-2727.

    Ce document est aussi disponible en français.




For further information:

For further information: Vanda Wall, Ontario Energy Board, (416)
440-8149

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