Notice of Electric Rate Hearing

Maritime Electric Company, Limited seeks approval of rates, tolls and charges for electric service.

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