Ontario Energy Board issues initial guidelines for deemed conditions of licence for distribution system planning

    TORONTO, June 16 /CNW/ - Today the Ontario Energy Board (the Board)
issued initial Guidelines related to accounting, funding and planning for
distribution system development to accommodate renewable generation.

    The Guidelines comprise three elements:

    -  Establishing new deferral accounts for electricity distributors to
       record capital investments and expenses incurred for projects that
       will accommodate renewable energy or develop a smart grid pilot;
    -  Introducing a mechanism that provides advance funding for expenditures
       that will accommodate renewable generation;
    -  Providing guidance to electricity distributors regarding preparing
       plans to accommodate renewable generation.

    The Guidelines are intended to enable electricity distributors to get an
early start on investments that should be made now to further the Government's
policy goals in the Green Energy and Green Economy Act, 2009, and to plan
investments that may be required in the future. The Guidelines reduce the
regulatory risk associated with cost recovery by identifying the Board's
expectations about distribution system plans.

    The Guidelines are available on the Board's website at www.oeb.gov.on.ca.

    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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