OEB issues rate order on 2009 electricity distribution rates for Westario Power Inc.



    TORONTO, May 29 /CNW/ - Today the Ontario Energy Board (the Board) issued
a Rate Order to reflect its Decision on 2009 electricity distribution rates
for Westario Power Inc. (Westario). The new rates are effective May 1, 2009.
    As a result of this Rate Order, the delivery portion of the bill
associated with the cost to distribute electricity will increase by
approximately 12.5% or $1.36 for Westario's' residential customers using 1,000
kWh per month. In its application Westario had requested a distribution rate
increase of approximately 18.7%. The delivery portion represents about
one-third of the total bill.
    Westario requested a revenue requirement of $ 9,811,263 for the 2009 rate
year. As a result of the Board Decision, Westario will recover a revenue
requirement of $8,531,592.
    In its Decision, the Board accepted Westario's proposals which included:
    
    -  increased operations, maintenance and administration costs due to
       inflation, field asset programs and maintenance of overhead and
       underground services.
    -  A new operations center in Walkerton.

    In its Decision, the Board reduced certain requested amounts for
operations, maintenance and administration costs such as:
    -  $30,000 out of a total requested amount of $270,000 for tree trimming
       and line clearing operations;
    -  $20,000 to reflect a four-year amortization period for one-time
       regulatory expenses; and
    -  $50,000 related to the amalgamation and consolidation of facilities.
    

    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


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890