On January 23, 2020, the Ontario Energy Board issued its decision in respect of Incremental
Capital Module (“ICM”) applications
made by two electricity distributors, Brantford Power Inc. and
Energy+ Inc. As stated in the decision, the OEB’s ICM policy
was established to address the treatment of a distributor’s
capital investment needs that arise during a Price Cap Incentive
Regulation Plan and that are incremental to a calculated
materiality threshold.
Brantford Power proposed to consolidate its staff from other
facilities into a new administration and operations centre. In
order to replace its previous operations centre, Energy+ entered
into a Memorandum of Understanding with Brantford Power to search
for a new facility that could be shared and jointly used. Both
distributors sought OEB approval of ICM funding in respect of the
new building: Brantford Power proposed to lease out any extra space
and did not request any ICM funding in respect of the excess space
that
