Notice of Application

Maritime Electric Company Limited
Approval of 2016 Capital Budget

TAKE NOTICE that Maritime Electric Company, Limited ("Maritime Electric" or the "Company") has filed the 2016 capital budget for the approval of the Island Regulatory and Appeals Commission (the "Commission"). This is Commission's docket number UE20724.

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 $30,660,000 which it states are reasonable and 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 1,215,000
Distribution 17,538,000
Transmission 10,399,000
Corporate 1,214,000
Capitalized General Expense 494,000
Interest During Construction 200,000
Less: Customer Contributions (400,000)
Net Capital Expenditures $30,660,000

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, October 2, 2015. 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 11, 2015. Questions posed to Maritime Electric must be answered by the Company, in writing, on or before Friday, September 25, 2015. Copies of both written questions and written answers must be copied to, or filed with, the Commission not later than Friday, September 25, 2015 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, CPA, CA
Vice-President, Finance &
Chief Financial Officer
Maritime Electric Company, Limited
P.O. Box 1328
Charlottetown, PE C1A 7N2

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

DATED at Charlottetown, this 7th day of August, 2015.

Posted: 2015/08/07

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