TAKE NOTICE that
Maritime Electric Company, Limited ("Maritime Electric"
or the "Company") has filed an application with the
Island Regulatory and Appeals Commission ("IRAC" or the
"Commission") seeking, among other things, approval of
rates, tolls and charges for electric service for the
period from March 1, 2019 to February 28, 2022 (the "Application").
BACKGROUND
Maritime Electric is seeking an annual
increase in electric rates in each of the next three
years. The overall annual impact for individual
customers in a given rate class will differ to the
extent that their consumption differs from the typical
customer in that class.
In
addition to rates for electric service, Maritime
Electric is seeking approval of a target Return on
Average Common Equity of 9.35%, together with the
implementation of an Earnings Sharing Mechanism.
Maritime Electric has also proposed changes to its rate
classes, including the elimination of differential
service charges for urban and rural customers in the
Residential rate class, and the phasing out of the
Residential second block rate.
The
Application also incorporates certain findings and
recommendations made in the Point Lepreau Cost
Allocation Classification Study, Charlottetown Thermal
Generating Station Decommissioning Study, 2017
Depreciation Study, 2017 Cost Allocation Study, and the
Annual Update to Interim Weather Normalization Reserve.
HOW TO
REVIEW THE APPLICATION
A
complete copy of the Application can be viewed by
clicking
here.
All other pre-filed evidence can be obtained online at
the Commission’s website at
www.irac.pe.ca. Persons wishing to obtain a hard
copy of the Application may make a written request to
Maritime Electric at the address below.
PUBLIC HEARING
A
public hearing with respect to the Application will
commence at 9:30 a.m. on Tuesday, August 6, 2019 in
the Commission’s hearing room. The hearing is
anticipated to require four hearing days, and is
scheduled to be heard from August 6 to 9, 2019
(inclusive). An audio broadcast of the hearing will also
be available on the Commission website
at
www.irac.pe.ca.
HOW
TO COMMENT
The Commission will hold an evening session
so that members of the public may make submissions with
respect to the Application. The evening session will
commence at 6:30 p.m. on Thursday, August 8, 2019
in the Commission’s hearing room.
Any person wishing
to comment on the Application may also submit written
comments to the Commission at the address below or via
email to
info@irac.pe.ca. In order to be considered, written
comments must be received by the Commission no later
than 4:00 p.m. on Wednesday, August 14, 2019. All
written comments received by the Commission will be
available to the public and posted on the Commission
website.
FOR ADDITIONAL INFORMATION
Additional information
with respect to the Application can be obtained by contacting Maritime Electric at
902-629-3756. Written communications should be directed to:
|
Jason
C. Roberts, CPA, CA
Vice-President, Finance
&
Chief Financial Officer
Maritime Electric Company, Limited
P.O. Box 1328
Charlottetown, PE C1A 7N2
|
Jonah R.K. Clements
Director & General Counsel
Island Regulatory & Appeals Commission
P.O. Box 577
Charlottetown, PE C1A 7L1
email:
info@irac.pe.ca |
DATED
at Charlottetown,
Prince Edward Island, this
5th day of July, 2019.
Posted: 2019/07/05