Today, the Ontario Energy Board (OEB) Board of Directors announced Damien A. Côté as its next Chief Commissioner.

The OEB has issued a letter providing guidance to support electricity distributors in incorporating innovation-related proposals in their rate applications.

The OEB is establishing a generic deferral and variance account – the Extended Horizons Variance Account. This account allows rate-regulated electricity distributors to record the incremental revenue requirement impacts resulting from reductions in the forecasted customer capital contributions embedded in distribution rates as the result of extended connection horizon and revenue horizon for housing developments. The account is effective November 18, 2024.