TORONTO, Aug. 13 /CNW/ - Today the Ontario Energy Board (the Board)
issued a Decision and Order approving revisions to Niagara-on-the-Lake Hydro
Inc.'s (Niagara-on-the-Lake) Retail Transmission Service Rates (RTS).
Niagara-on-the-Lake requested a reduction to the RTS connection rate of
31.3% and approval of a settlement agreement with Hydro One Networks Inc.
(Hydro One) in which Niagara-on-the-Lake agreed to pay Hydro One $335,702 for
Transmission System load assignment charges at the Stanley Transmission
The reduction will be reflected on the delivery line of consumer's bills.
The new rates are effective September 1, 2009.
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: Vanda Wall, Ontario Energy Board, (416)