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this Order.
Dockets
UE20716 & UE20714
Order UE08-19
IN THE MATTER
of an application by Maritime Electric Company, Limited
for approval of a 2009 capital budget, and capital budget variances for
2007.
BEFORE THE COMMISSION
On Thursday, the
6th day of
November, 2008.
Maurice Rodgerson, Chair
John Broderick, Commissioner
Anne Petley, Commissioner
Ernest Arsenault, Commissioner
Order
UPON
reading the application of Maritime Electric Company, Limited (the
“Company”) for approval of the Company’s capital budget for the year 2009;
AND UPON
reading the Company’s capital budget variance report for capital
expenditures made in 2007;
AND UPON
considering the application, variance report and material filed in support
thereof;
AND UPON
it appearing to the Commission that the proposed 2009 expenditures, and the
budget variances reported for the year 2007, 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 July 9, 2008 and summarized below is approved.
2009 Capital Budget Summary |
Corporate |
$ 840,000 |
General |
1,736,000 |
Distribution |
13,761,000 |
Transmission |
753,000 |
General Expense Capitalized |
2,331,000 |
Interest During Construction |
227,000 |
Total |
$ 19,648,000 |
Less: Contributions |
(250,000) |
Total (Net) |
$19,398,000 |
2. Capital budget
variances reported to the Commission for capital expenditures made in 2007
are approved.
DATED
at Charlottetown, Prince Edward Island, this 6th day of November, 2008.
BY THE COMMISSION:
Maurice
Rodgerson, Chair
John Broderick, Commissioner
Anne Petley, Commissioner
Ernest Arsenault, 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.
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