UE20938 IN THE MATTER of an application by Maritime Electric Company, Limited for approval of proposed amendments to its rates, tolls and charges for electric service. Notice of Application TAKE NOTICE that Maritime Electric Company, Limited ("Maritime Electric" or the "Company") has applied to the Island Regulatory and Appeals Commission (the "Commissioner") for approval of proposed amendments to its rates, tolls and charges. In summary, the Company seeks Commission approval of the following: an increase in Basic Rates to rebase the energy cost adjustment mechanism ("ECAM"); continuation of the currently authorized energy cost adjustment (ECAM) with the rebased rates and reinstatement of a 12 month amortization to reflect changing energy input costs of the Company; removal of the Point Lepreau replacement energy costs from the ECAM calculation  beginning January 1, 2009 to September 30, 2009, and recovery of these costs in the ECAM calculations over a period of 10 years beginning October 1, 2009; and the maximum allowed return on average common equity be set at 9.75% for 2009. The application states that, with the ongoing operation of the ECAM, the total increase in 2009 customer electricity costs based on the current energy supply forecast will be: 7.46% - Residential customer using 650 kWh/month 7.47% - Commercial customer 8.25% - Large Industrial customer HOW TO SEE THE APPLICATION A complete copy of the application can be obtained by clicking here (3698 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 SEE THE INTERROGATORIES AND RESPONSES A complete copy of the Interrogatories and Responses can be obtained by clicking here (5422 KB pdf file) . HOW TO COMMENT AND ASK QUESTIONS Any person wishing to comment on the application can do so by writing to the Commission at the address below. In order to be considered, comments must be received by Friday, November 28, 2008. Persons wishing to pose questions to Maritime Electric on the application may do so by filing their questions, in writing, with the Company on or before Friday, November 14, 2008. Questions posed to Maritime Electric must be answered by the Company, in writing, on or before Friday, November 21, 2008. Copies of both written questions and written answers must be copied to, or filed with, the Commission not later than November 28, 2008 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 J. Mark Lanigan, CA Technical & Regulatory Services Island Regulatory & Appeals Commission P.O. Box 577 Charlottetown, PE  C1A 7L1 DATED at Charlottetown, this 3rd day of October, 2008. Posted: 2008/10/03 * 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.