OEB issues rate order on 2009 electricity distribution rates for Hydro One Remote Communities



    TORONTO, May 26 /CNW/ - Today the Ontario Energy Board (the Board) issued
a Rate Order to reflect its Decision on 2009 electricity distribution rates
for Hydro One Remote Communities (Hydro One Remotes). The new rates are
effective May 1, 2009.
    As a result of this Rate Order, Hydro One Remotes bill will increase by
approximately $4.12 or 4.4% for its year round residential customers using
1,000 kWh per month. In its application Hydro One Remotes had requested a
distribution rate increase of approximately 4.4%.
    Hydro One Remotes requested a revenue requirement of $42.5 million for
the 2009 rate year. As a result of the Board Decision, Hydro One Remotes will
recover a revenue requirement of $42.2M.
    In its Decision, the Board accepted Hydro One Remotes' proposals which
included:

    
    -   $30.9M of the revenue requirement will be recovered through the Rural
        or Remote Electricity Protection Benefit and Charge.
    -   Support for using renewable energy to supply remote communities
    -   Increased capital expenditures on diesel engines and the distribution
        system to maintain the reliability and safety of the distribution
        system
    

    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_h1_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/2009EDR/bill_impacts_2009.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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