The Task Force (TF) reviewed and discussed
the PBR process and issues as well as the TF Terms of Reference. Particular
attention was focused on agenda item (V), Key Issues in Developing Price
and Productivity Adjustment Factors. Some representatives expressed the
desire to adopt parameters developed in prior PBR implementations in other
jurisdictions or by other expedited approaches. TF co-manager noted problems
(e.g., biases) in immediately adopting factors not based on Ontario experience
or untested for their statistical validity. TF co-manager acknowledged
desire to expedite where appropriate. TF reviewed procedures to create
industry-specific input price index and total factor productivity (TFP)
index, i.e., ratio of output to nonpower inputs (i.e., labor, capital and
TF members agreed to provide data (and
qualitative discussions of individual circumstances) necessary to construct
input price and total factor productivity indexes in a 3-4 week period.
TF members will collect and supply the
following data by year for the 1988 to 1998 period:
number of own full-time employees
number of own part-time employees
number of own FTE employees
number of contract or outsourced "employees"
total labor compensation (i.e., wages,
salaries, pension, fringe, bonuses, etc.)
total contract and outsourced labor
number of management vs. non-management
TF members agreed to supply the following
data annually for the period 1972 to 1998 period, if possible, but at least
over the 1977 to 1998 period.
gross book value
capital additions by category, including
capitalized labor component (i.e, as recorded in financial system)
"estimated" capitalized labor expenditures
in total contained within the total capital additions and amortization
for each year.
The MEA agreed to provide line crew
rates by locale and determine the scope of its statistical collection;
Toronto Hydro agreed to consider whether or not it could expedite its data
collection and analysis process to act as a test bed for the TF; Servco
agreed to check on whether or not it had Stats Canada input purchase data.
Specification of outputs; ways to handle
contributed capital and capitalized labor; and, implications of amalgamation
of generation, transmission or other costs with distribution.
TF will meet on 1/26 (10:00am), 2/10
(9:30am), 2/24 (9:30am), and 3/9 (10:00am).