OEB Approves Hydro One's Rate Orders For Peterborough And Orillia Transactions

On April 30, 2020, the Ontario Energy Board issued a decision in which it approved, subject to a number of conditions, an application by Hydro One Networks Inc. in respect of transactions that ultimately will result in the transfer to Hydro One of the electricity distribution system of Peterborough Distribution Inc. On April 30, the OEB also issued a decision in which it approved, subject to a number of conditions, an application by Hydro One in respect of transactions that will result in the transfer to Hydro One of the assets and liabilities of the electricity distribution business of Orillia Power Distribution Corporation.

The OEB has now approved rate orders and accounting orders to give effect to its decisions in respect of the Peterborough and Orillia transactions. The OEB's decisions approving the rate orders address a number of matters arising from its conditions and directions in respect of the transaction approvals.