Application by Union Gas Limited, pursuant to s. 36(1) of the Ontario Energy Board Act, 1998
Article originally published in the Lexpert Magazine, March 2016 issue.
Excerpt from "Application by Union Gas Limited, pursuant to s. 36(1) of the Ontario Energy Board Act, 1998":
Union Gas Limited (Union) provides an integrated natural gas utility to over 1.4 million residential, commercial and industrial customers in Ontario at a regulated rate. The rate is determined from time to time via “rebasing,” which involves a consideration and allocation of Union’s relevant income and expenses.
On May 16, 2014, Union applied to the Ontario Energy Board (the OEB or the Board) seeking regulated rate approval for a new interruptible liquefaction natural gas (LNG) service at its Hagar facility near Sudbury, Ontario. Union proposed that this new interruptible service be folded into the existing rate base – meaning that the capital costs of the new service, as well as certain profits accruing from it, would be calculated in to the regulated rate upon rebasing.
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