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



    TORONTO, May 1 /CNW/ - Today the Ontario Energy Board (the Board) issued
a Rate Order to reflect its Decision on 2009 electricity distribution rates
for COLLUS Power Corporation (COLLUS). The new rates are effective May 1,
2009.
    As a result of this Decision and Rate Order, the delivery portion of the
bill associated with the cost to distribute electricity will increase by
approximately 5.1% or $1.85 for COLLUS' residential customers using 1,000 kWh
per month. In its application COLLUS had requested a distribution rate
increase of approximately 8.5%. The delivery portion represents about
one-third of the total bill.
    COLLUS requested a revenue requirement of $6,134,984 for the 2009 rate
year. As a result of the Board Decision, COLLUS will recover a revenue
requirement of $6,131,881.
    In its Decision, the Board accepted COLLUS' proposal which included for
2009:

    
    -   a $2.2 million investment for a new substation in Collingwood that is
        essential to address system constraint issues.
    -   a $120,000 amount of investment in distribution transformers for both
        renewal and replacement situations.
    -   a $150,000 amount of investment in vehicle replacement.
    -   increased operation, maintenance and administration costs mainly
        attributed to inflation, participation in an extensive provincial
        safety program, training and some labor changes to address issues
        such as succession planning due to an aging workforce.
    

    The Board directed COLLUS to refund $425,000 to customers for
over-collection of substation maintenance costs plus the carrying charges.
    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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