Electricity Distributor Recovery of Regulatory Assets

The Minister of Energy granted approval for electricity distribution companies to apply to the Board for recovery of Regulatory Assets, effective March 1, 2004. The filing guidelines provide direction for the distributors in filing for these rate changes.

Sector
Electricity
Last revised
January 15, 2004

Related documents

Electricity Distributor Recovery of Regulatory Assets - Phase 1

On February 5, 2004, the Board published notice of applications by 92 distribution utilities seeking to recover Regulatory Assets.

The Board has prepared a summary report of Regulatory Asset accounts as provided by the utility in its rate application. The individual application should be referred to for the amount proposed by the utility to be recovered in rates starting April 1, 2004. While every effort is made to ensure accuracy, intervening parties should consult applications of interest.

Summary of Regulatory Asset Information by Utility (xls)

Electricity Distributor Recovery of Regulatory Assets - Phase 2

The Board determined that the Review of Regulatory Assets for Ontario Electricity Distributors would be done in two Phases. Phase 1 was the granting of interim rate recovery on April 1, 2004. Phase 2 was the prudency review of the Regulatory Asset balances. As a first step in Phase 2, the Board reviewed the Regulatory Asset applications of Hydro One, Toronto Hydro, Enersource Hydro Mississauga and London Hydro. In addition to the decisions on the rate recovery amounts for each of these four distributors, the Board also assessed what would constitute the best evidence, forum and process to determine the reasonableness of Regulatory Asset amounts for the remaining distributors.

Following the Phase 2 prudence review of Regulatory Assets for Hydro One, Toronto Hydro, Enersource Hydro and London Hydro, the Board determined what constitutes the best evidence, forum and process to determine the reasonableness of Regulatory Assets and how these amounts should be recovered from customers, for the remaining distributors. The Filing Guidelines provided below are based on the Board’s Decision. The Regulatory Assets worksheet and accompanying documentation are also provided below.