UPON
reviewing the application of Maritime Electric Company,
Limited (the "Company") for approval to recover costs through rates for the
PowerShift Atlantic initiative;
AND UPON
noting the PowerShift Atlantic objectives of increasing the integration of
energy produced by wind generation into the Atlantic grid and thus reducing
the use of fossil fuels;
AND UPON
considering the contents of the Electric Power (Electricity-Rate
Reduction) Amendment Act, including Schedule 1,which outlines operating
expenditures to be recovered through rates as set out in Schedule 2 of this
Act;
AND UPON
the Commission’s understanding that the costs for this initiative were
incorporated into Schedules 1 and 2 of the Electric Power
(Electricity-Rate Reduction) Amendment Act;
AND UPON
considering the benefits of this initiative to Prince Edward Island
electricity customers;
NOW THEREFORE
,
pursuant to the
Electric Power Act;
IT IS ORDERED THAT
1. The Commission
approves the concept of the PowerShift Atlantic initiative and the
recovery of net costs from rates.
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.