Regulatory Treatment of Pensions and Other Post-Employment Benefit Costs

Case number

EB-2015-0040

Launched

May 14, 2015

Sector

Electricity

Natural Gas

Status

Active

Details

The Ontario Energy Board initiated a consultation on rate-regulated utility pensions and other post-employment benefits (OPEBs) in the electricity and natural gas sectors. The objectives of the consultation are to develop standard principles to guide the OEB’s review of pension and OPEB costs in the future, to establish specific information requirements for applications that will be incremental to current filing requirements, and to establish appropriate regulatory mechanisms for cost recovery which can be applied consistently across the gas and electricity sectors for rate-regulated entities. In conducting this consultation, the OEB will also take into consideration the Government of Ontario’s ongoing review of pensions and any actions which arise from that initiative that may overlap with the OEB’s consultation.

See all documents for this consultation (EB-2015-0040)

Reports

KPMG Report - Pension and Other Post-Employment Benefit Costs

Issued

May 19, 2016

Report of the OEB - Regulatory Treatment of Pension and Other Post-employment Benefits (OPEBs) Costs

Issued

May 18, 2017

Report of the OEB - Regulatory Treatment of Pension and Other Post-employment Benefits (OPEBs) Costs (final report)

Issued

September 14, 2017

Updates

Date	Issue / Document
September 14, 2017	The OEB has issued a final report on the regulatory treatment of pension and other post-employment benefit (OPEB) costs applicable to rate-regulated Ontario energy utilities. Cover letter Report of the OEB - Regulatory Treatment of Pension and Other Post-employment Benefits (OPEBs) Costs
June 22, 2017	The OEB has received the following submissions from registrants regarding the draft Report of the OEB on the regulatory treatment of pension and other post-employment benefit (OPEB) costs. Canadian Manufacturers & Exporters Coalition of Large Distributors Electricity Distributors Association (Letter and Submission) Enbridge Gas Distribution Inc. Hydro One Networks Inc. Ontario Power Generation Power Workers’ Union School Energy Coalition Society of Energy Professionals Union Gas Limited
May 18, 2017	The OEB has issued a report on the consultation on the regulatory treatment of pension and other post-employment benefit (OPEB) costs. Cover letter Report of the OEB - Regulatory Treatment of Pension and Other Post-employment Benefits (OPEBs) Costs
September 26, 2016	The OEB has received the following submissions from registrants following the stakeholder forum: Canadian Niagara Power Inc. and Algoma Power Inc. Coalition of Large Distributors Consumers Council of Canada Cornerstone Hydro Electric Concepts Association Electricity Distributors Association Enbridge Gas Distribution Inc. Hydro One Networks Inc. Independent Electricity System Operator London Property Management Association Ontario Power Generation Power Workers’ Union School Energy Coalition Society of Energy Professionals Union Gas Limited
August 10, 2016	The OEB has issued a letter that provides guidance with respect to how parties may wish to focus their written submissions scheduled for September 22, 2016. Letter
July 18, 2016	The OEB has posted the presentations for the stakeholder forum. Coalition of Large Distributors Electricity Distributors Association Hydro One Networks Inc. KPMG Introduction Presentation Ontario Power Generation Union Gas Ltd.
June 23, 2016	The OEB has issued a letter setting the issues list for the Stakeholder Forum and providing for submissions following the Forum. Letter
May 19, 2016	The OEB has issued a letter announcing a Stakeholder Forum commencing on July 19, 2016. Letter KPMG Report on Pension and Other Post-Employment Benefit Costs
August 4, 2015	The OEB has received the following submissions from registrants with respect to the initial questions on the principles and cost recovery treatment of pensions and OPEBs costs for rate-regulated utilities. Canadian Manufacturers & Exporters (plus Attachment: Leech Report) Coalition of Large Distributors Consumers Council of Canada Cornerstone Hydro Electric Concepts Association Electricity Distributors Association Enbridge Gas Distribution Inc. Energy Probe Research Foundation (Letter and Submission) Hydro One Networks Inc. Kitchener-Wilmot Hydro Inc. London Hydro Inc. London Property Management Association Ontario Power Generation Inc. Power Workers Union Society of Energy Professionals Toronto Hydro-Electric System Limited Union Gas Limited
June 10, 2015	The OEB has issued a letter to all rate-regulated utilities and to all registrants in this consultation on the following matters: Cost eligibility for requesting registrants Extension of the deadline for submissions to July 31, 2015 Letter
June 3, 2015	The following submissions from parties commenting on the OEB’s initial procedural steps were received. OPG letter SEC letter
May 14, 2015	The OEB has issued its letter inviting participation in this consultative process and submissions with respect to an initial set of questions on principles and cost recovery treatment of pension and OPEBs for rate-regulated utilities. Letter

Cost Award Matters

Date	Issue / Document
June 10, 2015	The OEB has issued a letter to all rate-regulated utilities and to all registrants in this consultation on the following matters: Cost eligibility for requesting registrants Extension of the deadline for submissions to July 31, 2015 Letter
June 4, 2015	The OEB has received a letter from Canadian Manufacturers & Exporters requesting late registration and cost eligibility in relation to participation in this initiative. Canadian Manufacturers & Exporters (CME)
June 3, 2015	The following requests for cost eligibility were received in relation to participation in this initiative. The OEB received no objections by the May 28, 2015 deadline outlined in its May 14, 2015 initiation letter. Building Owners and Managers Association, Greater Toronto (BOMA) Consumers Council of Canada (CCC) Energy Probe Research Foundation (Energy Probe) London Property Management Association School Energy Coalition (SEC)

Date

Issue / Document

June 10, 2015

The OEB has issued a letter to all rate-regulated utilities and to all registrants in this consultation on the following matters:

Cost eligibility for requesting registrants
Extension of the deadline for submissions to July 31, 2015
Letter

June 4, 2015

The OEB has received a letter from Canadian Manufacturers & Exporters requesting late registration and cost eligibility in relation to participation in this initiative.

Canadian Manufacturers & Exporters (CME)

June 3, 2015

The following requests for cost eligibility were received in relation to participation in this initiative. The OEB received no objections by the May 28, 2015 deadline outlined in its May 14, 2015 initiation letter.