OEB Issues 2008 Electricity Distribution Rate Order for Norfolk Power Distribution Inc.



    TORONTO, Aug. 22 /CNW/ - Today the Ontario Energy Board (the Board)
issued a Rate Order for a Decision on a 2008 electricity distribution rate
application for Norfolk Power Distribution Inc. (Norfolk).
    As a result of this Decision, Norfolk's distribution rates will increase
by 4%. The new distribution rates take effect July 1, 2008 but will be
implemented September 1, 2008.
    Norfolk's distribution costs make up approximately 40% of the total costs
to provide electricity to consumers. As a result of this Decision and
May 1, 2008 changes to the regulated price of electricity and the amount of
electricity consumers can consume at the lower threshold price under the
Regulated Price Plan, the total monthly bill for a residential consumer using
1,000 kWh per month will increase by approximately 4.8%.
    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.
    Distribution rates are set to recover the cost to deliver electricity to
consumers based on an individual utility's cost of providing electricity
service. Distribution rates are reflected in the "Delivery" line of consumers'
bills.
    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 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: Vanda Wall, Ontario Energy Board, (416)
440-8149


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890