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ARTICLE · 19 JANUARY 2018

OEB Issues Its Largest Rate Case Decision Ever

Aird & Berlis LLP
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On December 28, 2017, the Ontario Energy Board (OEB) issued its Decision with Reasons in the Ontario Power Generation "Payment Amounts" case (the Decision), covering the 2017 to 2021 period.

CanadaEnergy and Natural Resources
David Stevens
David Stevens
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On December 28, 2017, the Ontario Energy Board (OEB) issued its Decision with Reasons in the Ontario Power Generation "Payment Amounts" case (the Decision), covering the 2017 to 2021 period. Among the notable determinations are an approval of the forecast costs of the Darlington Refurbishment Project (DRP) and reductions to the capital and operations, maintenance and administration costs (OM&A) forecast by OPG over the coming years.

The OEB's Decision is quite lengthy (around 160 pages), which is not surprising given the amount at issue ($16.8 billion for the nuclear business alone) and the length of the process (20 months from filing to Decision). In terms of the dollars at issue and the amount of supporting evidence, this is the largest case the OEB has ever determined. Rather than summarizing all aspects of the Decision, we have focused on five interesting points.

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