UE20715
IN THE MATTER
of an
application by Maritime Electric Company, Limited for approval of a 2008
Capital Budget.
Notice of Application
TAKE NOTICE
that Maritime
Electric Company, Limited (“Maritime Electric” or the “Company”) has
filed for the approval of the Island Regulatory and Appeals Commission
(the “Commission”) a 2008 capital budget.
BACKGROUND
Maritime
Electric is required, under Section 17 (1) of the Electric Power
Act, to submit to the Commission for its approval an annual
capital budget of proposed improvements or additions to the property of
the public utility.
DETAILS
The Company is
seeking approval for capital expenditures of $18,358,000 which it states are
necessary to ensure the provision of cost effective, safe and reliable
service to customers. The planned capital expenditures are broken down as
follows:
Corporate Area |
Amount |
Generation |
2,278,000 |
Distribution |
11,986,000 |
Transmission |
1,191,000 |
Corporate |
947,000 |
Capitalized General
Expense |
2,007,000 |
Interest During
Construction |
184,000 |
Less: Customer
Contributions |
(235,000) |
Net Capital
Expenditures |
$18,358,000 |
The planned capital
expenditures do not have any immediate impact on rates except to the extent
that amortization of capital expenditures is incorporated into the overall
rate base of the Company.
HOW TO SEE THE APPLICATION
A complete copy of
the application can be obtained by clicking
here (6,567 KB pdf
file)
.
Any person wishing to
obtain a hard copy of the filing can do so by writing to Maritime Electric
at the address below.
HOW TO COMMENT AND ASK QUESTIONS
Any person
wishing to comment on the filing can do so by writing to the Commission at
the address below. In order to be considered, comments must be received by
Friday, September 14, 2007. Persons wishing to pose questions to Maritime
Electric on the filing may do so by sending their questions, in writing, to
the Company on or before Friday, August 24, 2007. Questions posed to
Maritime Electric must be answered by the Company, in writing, on or before
Friday, September 7, 2007. Copies of both written questions and written
answers must be copied to, or filed with, the Commission not later than
Friday, September 14, 2007 in order to be considered.
FOR ADDITIONAL INFORMATION
Additional
information on the application can be obtained by contacting Maritime
Electric at 629-3693. Written communications should be forwarded to:
J.W. Geldert
Vice-President, Finance &
Chief Financial Officer
Maritime Electric Company, Limited
P.O. Box 1328
Charlottetown, PE C1A 7N2 |
Mark Lanigan, CA
Technical & Regulatory Services
Island Regulatory & Appeals Commission
P.O. Box 577
Charlottetown, PE C1A 7L1 |
DATED
at Charlottetown, this
6th
day of
August, 2007.
Posted: 2007/08/08
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