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

* The Adobe Acrobat Reader is required to view and print PDF documents. The Reader can be downloaded free of charge from Adobe Systems Incorporated by clicking here.

Please note that large PDF files (>400 KB) should be saved to disk before opening. In certain instances, large PDF files will "time out" when opened directly from a web site. This can be avoided by saving to disk and then opening the file locally.