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Dockets UE20713 - UE20710
Order No. UE06-01IN THE MATTER of an application by Maritime Electric Company, Limited for approval of a 2006 capital budget and capital budget variances for 2004.
BEFORE THE COMMISSION
On Friday, the 20th day of January, 2006.
Maurice Rodgerson, Chair
Weston Rose, Commissioner
James Carragher, Commissioner
Anne Petley, Commissioner
Order
UPON reading the application of Maritime Electric Company, Limited (the "Company") for approval of the Company’s capital budget for the year 2006;
AND UPON reading the Company's capital budget variance report for capital expenditures made in 2004;
AND UPON considering the application, variance report and material filed in support thereof;
AND UPON it appearing to the Commission that the proposed 2006 expenditures of the Company and the budget variances reported for the year 2004 are necessary for the provision of reasonably safe and adequate service and facilities for services as changing conditions require;
NOW THEREFORE, pursuant to the Electric Power Act,
IT IS ORDERED THAT
1. The application of the Company filed herein on November 8, 2005 and summarized below is approved
2005 Capital Budget Summary
Corporate $ 996,000 Production 2,679,000 Distribution 9,901,000 Transmission 5,998,000 General Expense Capitalized 1,797,000 Interest During Construction 400,000 Total $21,771,000 Less: Contributions (800,000) Total (Net) $20,971,000 2. Capital budget variances reported to the Commission for capital expenditures made in 2004 are approved.
DATED at Charlottetown, Prince Edward Island, this 20th day of January, 2006.
BY THE COMMISSION:
Maurice Rodgerson, Chair
Weston Rose, Commissioner
James Carragher, Commissioner
Anne Petley, Commissioner
Notice:
Section 12 of the Island Regulatory and Appeals Commission Act reads as follows:
12. The Commission may, in its absolute discretion, review, rescind or vary any order or decision made by it or rehear any application before deciding it.
Parties to this proceeding seeking a review of the Commission's decision or order in this matter may do so by filing with the Commission, at the earliest date, a written Request for Review, which clearly states the reasons for the review and the nature of the relief sought.
Sections 13.(1) and 13(2) of the Act provide as follows:
13.(1) An appeal lies from a decision or order of the Commission to the Appeal Division of the Supreme Court upon a question of law or jurisdiction.
(2) The appeal shall be made by filing a notice of appeal in the Supreme Court within twenty days after the decision or order appealed from and the Civil Procedure Rules respecting appeals apply with the necessary changes.
