Docket UE20908
Order UE92-17IN THE MATTER of an application of Maritime Electric Company, Limited for confirmation of its rate base, revision in its allowed rate of return, approval of revised rates of depreciation, and approval of revised rates and charges.
BEFORE THE COMMISSION
on Monday, the 21st day of December, 1992.
Linda Webber, Chairman
John L. Blakney, Vice-Chairman
James Nicholson, Commissioner
Order
WHEREAS Maritime Electric Company, Limited (the "Company") by application dated September 14, 1992, applied to the Commission for an order or orders of the Commission approving a number of amendments to the Company's General Tariff;
AND WHEREAS the Commission has heard and considered the evidence of the Company and the submissions of the interveners on the matter of rate of return on common equity;
AND WHEREAS it appears to the Commission that a maximum rate of return on average common equity of 13% for 1993 is just and reasonable given the current economic and financial market conditions;
NOW THEREFORE, pursuant to the Island Regulatory and Appeals Commission Act and the Electric Power and Telephone Act,
IT IS ORDERED THAT
1. For the purpose of determining a just and reasonable rate of return on rate base, a maximum rate of return on average common equity of 13.0% for 1993 is established.
DATED at Charlottetown, Prince Edward Island, this 21st day of December, 1992.
BY THE COMMISSION:
Linda Webber, Chairman
John L. Blakney, Vice-Chairman
James Nicholson, Commissioner
