OEB Issues Draft Report On Corporate Governance Guidance For Regulated Utilities

On March 28, the Ontario Energy Board ("OEB") issued its Draft Report on Corporate Governance Guidance for Rate-Regulated Utilities (the "OEB Draft Report"). ¹ The OEB Draft Report is another milestone in the OEB's efforts to develop a "Guidance" on corporate governance for regulated utilities; specifically, Ontario Power Generation, electricity distributors and transmitters and natural gas distributors.

As noted in our previous article on the OEB's Draft Corporate Governance Guidance for Regulated Utilities, the OEB intends that the Guidance will deliver outcomes established in the Renewed Regulatory Framework, and that it will generate a more consumer-centric regulatory framework by promoting better planning and more efficient performance by utilities.