TORONTO, May 5 /CNW/ - Today, the Ontario Energy Board (the Board) issued
a Decision and Order extending the franchise agreement between Natural
Resource Gas Limited (NRG) and the Town of Aylmer by three years. The
franchise agreement will expire on February 27, 2012.
NRG and the Town of Aylmer were unable to reach an agreement on the terms
of a new franchise agreement. NRG wanted a 20 year term but the Town of Aylmer
was only prepared to offer a 3 year term. The integrated Grain Processors
Cooperative (IGPC), the largest customer in the franchise area also opposed
the 20 year term.
In its Decision the Board noted unusual circumstances exist in the case
that warrant a term substantially less than a typical renewal term in the
Model Franchise Agreement.
The Board cited concerns with NRG's financial viability and quality of
service, as reasons for its Decision.
The Board also ordered NRG:
- to amend its security deposit policy to comply with procedures set
out in Appendix B of the Decision and Order;
- to file an application for new rates within six months of this
deicion for rates to be effective October 1, 2010; and
- to notify the Town of Aylmer of any regulatory application or
proceeding NRG brings before the Board.
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 website 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)