OEB issues decision and rate order on 2009 electricity distribution rates for Tillsonburg Hydro Inc.

    TORONTO, Aug. 31 /CNW/ - Today the Ontario Energy Board (the Board)
issued a Decision and Rate Order to reflect its Decision on 2009 electricity
distribution rates for Tillsonburg Hydro Inc. (Tillsonburg). The new rates are
effective June 15, 2009, and will be implemented September 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 $6.25 per month for a residential customer using 1,000 kWh per
month. The delivery portion represents about one-third of the total bill.

    Tillsonburg had requested a revenue requirement of approximately
$3,240,000 for the 2009 rate year. As a result of the Board's Decision,
Tillsonburg's approved rates will recover forecasted revenue of approximately

    In the Decision, the Board incorporated:
    -   Tillsonburg's proposed capital expenditures of $677,602 in 2009;
    -   Operating and maintenance expenses of $1,862,236, which reflects a
        12.8% reduction from Tillsonburg's proposal;
    -   An increase in the smart meter funding adder from $0.26 to $0.50 per
        customer per month; and
    -   The disposition of Deferral and Variance Accounts credit balance
        totaling approximately $210,000, which will be returned to customers
        over a two year period.

    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.

    Ce document est aussi disponible en français

For further information:

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

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