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 Niagara-on-the-Lake Hydro Inc. (NOTL). 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 7.4% or $2.75 for NOTL's residential customers using 1,000 kWh
per month. In its application NOTL had requested a distribution rate increase
of approximately 10.4%. The delivery portion represents about one-third of the
NOTL requested a revenue requirement of $5,191,140 for the 2009 rate
year. As a result of the Board Decision, NOTL will recover a revenue
requirement of $4,954,993.
In its Decision, the Board accepted NOTL's proposal which included:
- a $1 million investment for system enhancement including voltage
conversion and area improvements in the OLD Town Chautauqua urban area
in conjunction with the Town of NOTL,
- an investment of $880,000 in other system improvements,
- increased OM&A costs mainly attributed to inflation, participation in
a provincial safety program, training, and succession planning to
address an aging workforce.
A table of the estimated bill impacts on 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 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)