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Docket: UE20115
Order: UE17-01IN THE MATTER of an application by Maritime Electric Company, Limited for approval of revisions to the components fo the Weather Normalization Reserve.
BEFORE THE COMMISSION ON Thursday, February 23, 2017.
J. Scott MacKenzie, Q.C., Chair
M. Douglas Clow, CPA, CA, 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, distribution, and sale of electricity within Prince Edward Island.
AND WHEREAS on October 31, 2016, the Company filed an application with this Commission for the updating of weather normalization account formula variables applicable for the 2017 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 2017 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 Normalization Reserve for the 2017 fiscal year as summarized below are approved:
Approved Weather Normalization Mechanism Variables Effective Date January 1, 2016 January 1, 2017 Average HDD Value 4,339 4,369 MWH per HDD Coefficient 41.73 43.21 Forcast Unit Revenue per MWh 136.47 139.44 Forecast Unit Energy Cost per MWh 86.05 89.88 DATED at Charlottetown, Prince Edward Island, Thursday, February 23, 2017
BY THE COMMISSION:
J. Scott MacKenzie, Q,C., Chair
M. Douglas Clow, CPA, CA, 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.
