|
Order UE18-12 - Electric - Maritime Electric Company, Limited -
Weather Normalization Reserve
Click here for a PDF version of
this Order.
Docket
UE21219
Order UE18-12
IN
THE MATTER of an
application by Maritime Electric Company, Limited for approval of
revisions to the components of the Weather Normalization Reserve.
BEFORE THE
COMMISSION ON
Tuesday,
December 11, 2018.
J. Scott MacKenzie,
Q.C., Chair
M. Douglas Clow, Vice-Chair
John Broderick, Commissioner
Order
WHEREAS
Maritime Electric Company, Limited ("Maritime
Electric" or the "Company") is a public utility under the
Electric Power Act ("EPA"
or the "Act")
engaged in the production, purchase, transmission, distributuion, and sale
of electricity within Prince Edward Island;
AND WHEREAS
on October
31, 2017, the Company filed an application with this Commission for the
updating of weather normalization account formula variables applicable for
the 2018 Company fiscal year;
AND WHEREAS
the Commission approved the
Weather Normalization Rate Mechanism on an interim basis with Commission
Order
UE16-04;
AND WHEREAS
the Commission has reviewed the
information as filed and accepts the revised variables for the 2018 fiscal
year;
AND WHEREAS
the changes to the Weather
Normalization Account Variables do not change the rate impact to customers
as approved by Commission Order
UE16-04;
NOW THEREFORE,
pursuant to the
Electric Power Act,
IT IS ORDERED THAT
-
The
revisions to the components of the interim Weather Normanalization
Reserve for the 2018 fiscal year as summarized below are approved:
|
Approved Weather Mechanism Variables |
| |
Effective Date |
|
January 1, 2017 |
January 1, 2018 |
| Average HDD Value |
4,369 |
4,400 |
| MWH per HDD
Coefficient |
43.21 |
46.66 |
| Forecast Unit
Revenue per MWh |
139.44 |
142.99 |
| Forecast Unit
Energy Cost per MHh |
89.88 |
91.61 |
DATED
at Charlottetown, Prince Edward
Island, Tuesday, December 11, 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),
13(2), 13(3) and 13(4) 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.
(3) The Commission shall be deemed to be a party
to the appeal.
(4) No costs shall be payable by any party to an
appeal under this section unless the Court of Appeal, in its discretion,
for special reasons, so orders.
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.
|
|
|