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Order UE18-09 - Electric - Maritime Electric Company, Limited -
2019 Capital Budget and 2017 Capital Budget Variances
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this Order.

Dockets
UE20728 and UE20729 Order UE18-09
IN
THE MATTER of an
application by Maritime Electric Company, Limited for approval of
a 2019 capital budget and the capital budget variances for 2017.
BEFORE THE
COMMISSION ON
Monday,
November 26, 2018.
J. Scott MacKenzie,
Q.C., Chair
M. Douglas Clow, Vice-Chair
John Broderick, Commissioner
Order
WHEREAS
on or about August 8, 2018, Maritime
Electric Company, Limited ("Maritime Electric" or the "Company") filed an
application with the Island Regulatory and Appeals Commission (the "Commission") pursuant to section 17(1) of the
Electric Power Act,
R.S.P.E.I. 1988, Cap. E-4 (the "Act") seeking approval of the Company's 2019
annual capital budget (the "Application");
AND WHEREAS
notice of the
Application was published on the Commission website and in local newspapers
inviting interested persons to submit written questions to Maritime Electric
with respect to the Application;
AND WHEREAS
interrogatories were
exchanged and comments were received from interested members of the public
and have been considered by the Commission;
AND WHEREAS
the Company has filed a
report on its actual expenditures on improvements or additions to its
property for 2017 (the "2017 Capital Budget Variance Report"), as required
by section 17(4) of the
Act;
AND WHEREAS
the Commission seeks to
improve the capital budget process on a go forward basis to ensure that
future capital budget applications include an enhanced level of detail and
analysis;
NOW THEREFORE,
pursuant to section
17 of the
Act, the Commission orders as follows:
-
The
Company's 2019 annual capital budget is approved as filed
with the Commission on or about August 8, 2018.
A summary of the approved 2019 capital expenditures is as
follows:
Summary of Approved 2019
Capital Expenditures |
Generation |
$1,746,000 |
Distribution |
$21,464,000 |
Transmission |
$7,327,000 |
Corporate |
$1,784,000 |
Capital General Expense |
$527,000 |
Interest During Construction |
$429,000 |
Less: Customer
Contributions |
(400,000) |
TOTAL |
$32,877,000 |
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The 2017 Capital Budget Variance Report is
approved as filed with the Commission.
DATED
at Charlottetown, Prince Edward
Island, Monday, November 26, 2018.
BY THE COMMISSION:
J. Scott
MacKenzie, Q,C., Chair
M. Douglas Clow, Vice-Chair
John Broderick, Commissioner
Notice:
Section 12 of the
Island Regulatory and Appeals Commission Act
reads as follows:
12.
The Commission
may, in its absolute discretion, review, rescind or vary any order or decision made by it,
or rehear any application before deciding it.
Parties to this proceeding seeking a review of the
Commission's decision or order in this matter may do so by filing with the Commission, at
the earliest date, a written Request for Review,
which clearly states the reasons for the review and the nature of the relief sought.
Sections 13.(1) and
13(2) of the
Act provide as follows:
13.(1) An appeal lies from a decision or order of
the Commission to the Court of Appeal upon a question of law or
jurisdiction.
(2) The appeal shall be made by filing a notice of
appeal in the Court of Appeal within twenty days after the decision or
order appealed from and the rules of court respecting appeals apply with
the necessary changes.
NOTE:
In accordance with IRAC's Records
Retention and Disposition Schedule, the material contained in the official
file regarding this matter will be retained by the Commission for a period
of 5 years.
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