OEB Issues Final Decision and Order on the IESO's Fiscal 2007 Fees

    TORONTO, March 21 /CNW/ - Today the Ontario Energy Board (the Board)
issued its final Decision and Order on the application by the Independent
Electricity System Operator (IESO) to set its fees for the 2007 fiscal year.
    The final Decision approves the IESO's proposed 2007 revenue requirement
of $140.0 million inclusive of the revenue requirement associated with a
proposed capital expenditure of $20.0 million. In addition, the final Decision
and Order sets the IESO's usage fee for 2007 at $0.815 per megawatt hour as
approved in the Interim Rate Order released on December 1, 2006. The IESO's
proposed continuation of the application fee of $1,000 and a rebate to market
participants of the accumulated operating surplus in excess of $5 million were
also approved.
    The Decision includes Schedule A, the supplementary settlement proposal
presented by the applicant and intervenors, which the Board accepted.

    The Ontario Energy Board regulates the province's electricity and natural
gas sectors in the public interest. It envisions a healthy and efficient
energy sector with informed consumers, and works towards this vision through
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)

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