OEB Releases Decision on Peterborough Distribution Inc. - Peterborough Service Area 2008 Electricity Distribution Rate Application



    TORONTO, July 15 /CNW/ - Today the Ontario Energy Board (the Board)
issued its Decision regarding a 2008 electricity distribution rate application
for Peterborough Distribution Inc. - Peterborough Service Area (Peterborough).
    The distribution rates will take effect the date the Final Rate order is
issued and will be reflected in the "Delivery" line of consumers' bills. The
Board has directed Peterborough to submit draft rate schedules reflecting the
Board's Decisions within seven calendar days of today's date.
    Distribution rates are set to recover the cost to deliver electricity to
consumers and reflect an individual utility's cost of service. Utilities apply
to have their proposed rates to deliver electricity reviewed by the Board
through a public process to determine what costs can be passed on to
consumers.
    In 2008, distribution rates will be set using two different
methodologies. Most utilities will have their rates set using incentive
regulation guidelines which provide a standard rate adjustment that accounts
for inflation and productivity improvements. Others will have their rates set
by way of a cost of service review, in which the utility applies for rates
based on the costs it incurs to deliver electricity.
    For the rate year which starts on May 1, 2008, 21 utilities are having
their 2008 rates set by way of a cost of service rate review. Sixty utilities
are having their 2008 rates set using the Board's incentive regulation
guidelines. This announcement pertains to utilities having their rates set
using the incentive regulation guidelines.
    Bill impacts resulting from the decision released today will be announced
in the coming weeks, after the Board approves and issues final rate orders to
the utilities.
    A table of the estimated bill impacts on residential consumers will be
available as specific rate orders for individual utilities are issued by the
Board. This table will be published on the Board's website www.oeb.gov.on.ca.
    For more information please refer to the 2008 Electricity Distribution
Rates Backgrounder on the OEB website site at
http://www.oeb.gov.on.ca/documents/communications/pressreleases/2008/backgroun
der_2008_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 served by responsive regulatory processes 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.





For further information:

For further information: Vanda Wall, Ontario Energy Board, (416)
440-8149


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