TAKE NOTICE that
Maritime Electric Company, Limited ("Maritime Electric")
has filed the 2019 capital budget for the approval of
the Island Regulatory and Appeals Commission (the
"Commission"). This is Commission Docket #UE20728.
BACKGROUND
Maritime Electric is
required, under Section 17(1) of the Electric
Power Act, to submit to the Commission for its
approval an annual capital budget of proposed
improvements or additions to the property of the public
utility for 2019.
DETAILS
Maritime Electric
is seeking approval for capital expenditures of $32,877,000 which it states are reasonable and necessary to ensure the provision of cost effective, safe and reliable service to customers. The planned capital expenditures are broken down as follows:
|
Expenditure
|
Amount
|
|
Generation
|
1,746,000 |
|
Distribution
|
21,464,000 |
|
Transmission
|
7,327,000 |
|
Corporate
|
1,784,000 |
|
Capitalized General Expense
|
527,000
|
|
Interest During Construction
|
429,000
|
|
Less: Customer Contributions
|
(400,000)
|
|
Net Capital Expenditures
|
$32,877,000
|
HOW TO SEE THE APPLICATION
A complete copy of the application, including a detailed
breakdown of planned expenditures,
can be viewed by clicking
here. Any person wishing to obtain a hard copy of the filing can do so by writing to Maritime Electric at the address below.
HOW TO COMMENT AND ASK QUESTIONS
Persons wishing to comment
on the application can do so by writing to the
Commission at the address below. Comments must be
received no later than Friday, September 14, 2018.
Persons wishing to pose questions to
Maritime Electric on the application may do so by
sending their questions, in writing, to Maritime
Electric on or before Friday, September 14, 2018.
Questions posed to Maritime Electric
must be answered by Maritime Electric, in writing, on or
before Friday, September 21, 2018.
All written questions
and written answers must be copied to, or filed with the
Commission not later than Friday, September 28, 2018.
All questions
posed and comments provided related to this application
will be made available on the Commission website at
www.irac.pe.ca.
A public hearing
will only be held if the Commission determines a hearing
is necessary. If there is a public hearing, a Notice of
Hearing will be published. Otherwise, the Commission
will finalize its review in the form of a written Order.
All Orders issued in this matter will be posted on the
Commission’s website at
www.irac.pe.ca.
FOR ADDITIONAL INFORMATION
Additional information on the application can be obtained by contacting Maritime Electric at
902-629-3756. Written communications should be forwarded to:
|
Jason Roberts, CPA, CA
Vice-President, Finance
&
Chief Financial Officer
Maritime Electric Company, Limited
P.O. Box 1328
Charlottetown, PE C1A 7N2
|
Cheryl Mosher, CPA, CA
Regulatory Services
Island Regulatory & Appeals Commission
P.O. Box 577
Charlottetown, PE C1A 7L1
email:
cmosher@irac.pe.ca |
DATED
at Charlottetown, this
29th day of August, 2018.
Posted: 2018/10/30
|
|
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