OEB issues rate order on 2009 electricity distribution rates for Bluewater Power Distribution Corporation



    TORONTO, April 27 /CNW/ - Today the Ontario Energy Board (the Board)
issued a Rate Order to reflect its Decision on 2009 electricity distribution
rates for Bluewater Power Distribution Corporation (Bluewater). The new rates
are effective May 1, 2009.
    As a result of the Decision and the Rate Order, the delivery portion of
the bill associated with the cost to distribute electricity will increase by
approximately 17.8%, or $6.34 for Bluewater residential customers using 1,000
kWh per month. In its application, Bluewater had requested a distribution rate
increase of approximately 19.5%. The delivery portion represents about
one-third of the total bill.
    Bluewater requested a revenue requirement of $21,436,076. Bluewater's
approved settlement agreement will recover a revenue requirement of
$19,389,209.

    
    The application requested a number of capital expenditures:
    -   system expansion to meet future growth in the community,
    -   safety and reliability related programs,
    -   projects planned to reduce line losses,
    -   renovation/expansion projects,
    -   a business support system
    -   upgrade projects such as the Modeland transmission station meter
        upgrade project.

    The settlement agreement included:
    -   a capital budget reduction of approximately $2.6 million from its
        original budgeted amount,
    -   operating costs reduction of approximately $1.4 million.
    

    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/2009EDR/bill_impacts_2009.pdf.
    For more information please refer to the 2009 Electricity Distribution
Rates Backgrounder on the Board's website site at
http://www.oeb.gov.on.ca/OEB/_Documents/Press+Releases/bckgrndr_edr.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.

    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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