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Docket: UE21504
Order No. UE06-08IN THE MATTER of the amortization of the deferred costs recoverable from customers of Maritime Electric Company, Limited.
BEFORE THE COMMISSION
On Thursday, the 21st day of December, 2006.
Maurice Rodgerson, Chair
James Carragher, Commissioner
Anne Petley, Commissioner
Order
WHEREAS pursuant to Commission Order UE06-03, Maritime Electric Company, Limited (the "Company") filed with the Commission a report setting out options for the full recovery, in equal annual amounts, of the remaining deferred costs recoverable from customers;
AND WHEREAS it appears to the Commission that recovery of the remaining deferred costs as set forth in the following ordering clauses is just and reasonable;
NOW THEREFORE, pursuant to the Electric Power Act,
IT IS ORDERED THAT
1. The Company shall amortize $1,300,000 of deferred costs recoverable from customers in 2007, which costs are included in present base rates; and
2. The Company shall increase the annual amortization to $2,000,000 in 2008 and each year thereafter until otherwise ordered by the Commission.
DATED at Charlottetown, Prince Edward Island, this 21st day of December, 2006.
BY THE COMMISSION:
Maurice Rodgerson, Chair
James Carragher, Commissioner
Anne Petley, 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 Appeal Division of the Supreme Court upon a question of law or jurisdiction.
(2) The appeal shall be made by filing a notice of appeal in the Supreme Court within twenty days after the decision or order appealed from and the Civil Procedure Rules respecting appeals apply with the necessary changes.
