OC2013-091
2013-04-04
Natural Resources
Hydro Corporation Act, 2007
Under the authority of section 39(3) of the Hydro Corporation Act, 2007, the Lieutenant-Governor in Council is pleased to direct the Board of Directors of Newfoundland and Labrador Hydro-Electric Corporation that:
1) during its General Rate Application process, it shall file a plan for the phase in of island industrial customer rates, including the application of the Rate Stabilization Plan funding, as described in OC2013-090;
2) during its General Rate Application process, it shall file a Rate Stabilization Plan surplus refund plan to ratepayers. The refund shall be a direct payment or rebate to ratepayers and shall not be in the form of an electricity rate adjustment. This refund plan will exclude Island industrial customers who will receive Rate Stabilization Plan surplus funds through the three year phase-in of new rates; and
3) it file its General Rate Application based on a 2013 test year in the determination of new electricity rates for customers.
(Item 3 is revoked by OC2013-091)