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 EnWin Utilities Ltd. (EnWin). The new rates are effective May 1, 2009.
As a result of this Decision and Rate Order, the portion of the bill
associated with the cost to deliver electricity will increase by approximately
5.8% or $2.25 per month for Enwin's residential customers using 1,000 kWh per
month. In its initial application EnWin requested an increase of approximately
9.7%. The delivery portion represents about one-third of the total bill.
EnWin initially requested a revenue requirement of $54,235,554 for the
2009 rate year. As a result of the Board's alternate dispute resolution
process, EnWin reached a settlement with intervenors in this application which
the Board approved. EnWin's approved settlement agreement will recover a
revenue requirement of $49,737,963.
EnWin's application requested a number of capital expenditure investments
in the distribution system in EnWin's service territory:
- system expansion to meet future growth in the community,
- safety and reliability related programs, including pole replacements,
- upgrading projects which will reduce line losses,
- renovation/expansion projects,
- upgrading IT systems.
The change in the settlement agreement that made the most significant
contribution to the reduction in the applied-for rates, was the operating cost
reduction of approximately $3.1 million.
A table of the estimated bill impacts for residential consumers is
available on the Board's website at
For more information please refer to the 2009 Electricity Distribution
Rates Backgrounder on the Board's website site at
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 regulation that are
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)