Docket E21209
Order E91-101

IN THE MATTER of the disposition of surplus revenues of Maritime Electric Company, Limited for the year ended December 31, 1991.

Monday, the 30th day of December, 1991

BEFORE:

Linda Webber, Chairman
John L. Blakney, Vice-Chairman

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Order

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WHEREAS it has been reported to the Commission that Maritime Electric Company, Limited (the "Company") may, for the 12 months ending 31 December 1991, achieve revenues that would result in the Company earning a rate of return on common equity greater than the maximum rate of return of 13.75% ("surplus revenues") approved by the Public Utilities Commission in Public Utilities Commission Order E91-7;

AND WHEREAS it appears to the Commission that immediate provision should be made to ensure that any surplus revenues are rebated or otherwise applied for the benefit of the Company's customers;

IT IS THEREFORE ORDERED THAT

any revenues collected by the Company from its customers for service provided during the year ended 31 December 1991 which would result in a rate of return on common equity greater than 13.75% are to be held by the Company, in trust, for the benefit of the Company's customers and rebated or otherwise applied for the benefit of the customers when and in such manner as the Commission may further order.

DATED at Charlottetown, Prince Edward Island, this 30th day of December, 1991.

BY THE COMMISSION:

Linda Webber, Chairman

John L. Blakney, Vice Chairman