Docket UE20721

IN THE MATTER of an application by Maritime Electric Company, Limited for approval of 2014 Capital Budget.

Notice of Application

TAKE NOTICE that Maritime Electric Company, Limited ("Maritime Electric" or the "Company") has filed the 2014 capital budget for the approval of the Island Regulatory and Appeals Commission (the "Commission").

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 $27,837,000 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

2,188,000

Distribution

17,271,000

Transmission

7,244,000

Corporate

870,000

Capitalized General Expense

439,000

Interest During Construction

100,000

Less: Customer Contributions

(275,000)

Net Capital Expenditures

$27,837,000

The planned capital expenditures do not have any immediate impact on electricity rates.  Currently, electricity rates have been established by legislation, Electric Power (Energy Accord Continuation) Amendment Act, which received Royal Assent December 7, 2012.  These planned capital expenditures and their impact on annual depreciation charges, which does impact rates, have been incorporated into legislated rates announced as part of the Electric Power (Energy Accord Continuation) Amendment Act.

HOW TO SEE THE APPLICATION
A complete copy of the application, including a detailed breakdown of planned expenditures, can be obtained by clicking here.  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 27, 2013. 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, September 6, 2013. Questions posed to Maritime Electric must be answered by the Company, in writing, on or before Friday, September 20, 2013. Copies of both written questions and written answers must be copied to, or filed with, the Commission not later than Friday, September 27, 2013 in order to be considered.

FOR ADDITIONAL INFORMATION
Additional information on the application can be obtained by contacting Maritime Electric at 629-3756. Written communications should be forwarded to:

S.D. Loggie, CA
Vice-President, Finance &
Chief Financial Officer
Maritime Electric Company, Limited
P.O. Box 1328
Charlottetown, PE  C1A 7N2

J.M. Lanigan, CA
Regulatory Services
Island Regulatory & Appeals Commission
P.O. Box 577
Charlottetown, PE  C1A 7L1
email: info@irac.pe.ca

DATED at Charlottetown, this 2nd day of July, 2013.

Posted: 2013/07/04


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