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ARTICLE · 14 SEPTEMBER 2017

OEB Requires More Detail Regarding Operational Concerns Identified In Settlement Proposal

Aird & Berlis LLP
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That is, E.L.K. Energy's application for approval of rates over five years proposed an initial year of approved base rates followed by four years of Price Cap rate adjustments.

CanadaEnergy and Natural Resources
Fred Cass
Fred Cass
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The OEB issued a decision on August 24, 2017 in which it directed the parties to a Settlement Proposal to make best efforts to revise the Settlement Proposal to provide more information on the nature of operational concerns referred to in it.

The decision arose out of a rates application filed by an electricity distributor, E.L.K. Energy Inc. E.L.K. Energy sought approval of rates on the basis of the OEB's Price Cap Incentive Rate-setting (IR) model. That is, E.L.K. Energy's application for approval of rates over five years proposed an initial year of approved base rates followed by four years of Price Cap rate adjustments.

Following a settlement conference in the proceeding, the Settlement Proposal was filed with the OEB on June 29, 2017. The Settlement Proposal reflected the agreement of E.L.K. Energy to withdraw most of its application and the agreement of parties that rates be set using the OEB's Annual IR Index methodology. E.L.K. Energy also agreed to

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