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Dockets
UE20718 & UE20716
Order UE10-05
IN
THE MATTER
of an
application by Maritime Electric Company, Limited for approval of a 2011
capital budget, and capital budget variances for 2009.
BEFORE THE
COMMISSION
on
Thursday, the 9th day of December, 2010.
Maurice
Rodgerson, Chair
John Broderick, Commissioner
Order
UPON
reviewing the application of Maritime Electric Company, Limited (the
"Company") for approval of the Company's capital budget for the year 2011;
AND UPON
reviewing the Company's capital budget variance report for capital
expenditures made in 2009;
AND UPON
considering the application, variance report and material filed in support
thereof;
AND UPON
following receipt of the application, the Commission published a Notice on
its website and in the local newspaper inviting written questions and
comments;
AND UPON
considering the Company's responses to questions presented by the
Commission, the Province of PEI, and the PEI Seniors Citizens' Federation;
AND UPON
reviewing further comments received from the PEI Senior Citizens'
Federation;
AND UPON
considering the contents of the Electric Power (Electricity-Rate
Reduction) Amendment Act, including Schedule 1 which outlines capital
expenditures consistent with this application;
NOW THEREFORE ,
pursuant to the
Electric Power Act;
IT IS ORDERED THAT
1. the
application of the Company filed herein on July 9, 2010 and summarized
below is approved; and
2011 Capital Budget Summary |
Corporate |
$1,072,000
|
Generation |
2,417,000 |
Distribution |
16,438,000 |
Transmission |
2,353,000 |
General Expense Capitalized |
352,000 |
Interest During Construction |
210,000 |
Total |
$ 22,842,000
|
Less: Contributions |
(265,000) |
Total (Net) |
$ 22,577,000 |
2. Capital budget
variances reported to the Commission for capital expenditures made in
2009 are approved.
DATED
at Charlottetown, Prince Edward Island, this 9th day of December, 2010.
BY THE COMMISSION:
Maurice
Rodgerson, Chair
John Broderick, 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),
13(2), 13(3), and 13(4) of the
Act provide as follows:
13.(1) An appeal lies from a decision or order of
the Commission to the Court of Appeal upon a question of law or
jurisdiction.
(2) The appeal shall be made by filing a notice of
appeal in the Court of Appeal within twenty days after the decision or
order appealed from and the rules of court respecting appeals apply with
the necessary changes.
(3) The Commission shall be deemed to be a party to
the appeal.
(4) No costs shall be payable by any party to an
appeal under this section unless the Court of Appeal, in its discretion,
for special reasons, so orders.
NOTE:
In accordance with IRAC's Records
Retention and Disposition Schedule, the material contained in the official
file regarding this matter will be retained by the Commission for a period
of 5 years.
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