(Source: Canada Newswire)
TORONTO, Nov. 9 /CNW/ - Today the Ontario Energy Board (the
Board) approved an application by Union Gas Limited (Union) for an
annual incremental rate adjustment. The change is part of its multi-
year incentive rate mechanism for regulated natural gas
distribution, transmission and storage services.
Union's five-year Incentive Regulation Plan began January 1,
2008. Today's approved adjustments, which take effect January 1,
2010, are based on a formula for incremental costs that include the
inflation rate and a productivity factor. Also, the new rates
incorporate additional approved costs.
For Union's residential customers, the impact range will be an
additional $6 to $8 a year for those consuming 2,600 cubic metres
(m(3)) annually. This represents an increase of 0.7% on the total
annual residential bill.
The Ontario Energy Board regulates the province's electricity and
natural gas sectors in the public interest. It envisions a viable
and efficient energy sector with informed consumers and works toward
this vision through regulation that is effective, fair and
transparent.
For more information on the Board, please visit our website at
www.oeb.gov.on.ca or contact the Consumer Relations Centre at the
numbers below.
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