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ARTICLE · 14 JUNE 2017

OEB Staff Provide Guidance Regarding Deferral Account For Development Costs

On May 12, 2017, the OEB issued a letter in which OEB staff provided guidance on the implementation of an accounting order providing for the establishment of a deferral account.

CanadaEnergy and Natural Resources

On May 12, 2017, the OEB issued a letter in which OEB staff provided guidance on the implementation of an accounting order providing for the establishment of a deferral account.

In March 2017, the OEB had ruled on an application made on behalf of Wataynikaneyap Power LP (WPLP) for an accounting order authorizing the establishment of a deferral account to record costs relating to the development of the Wataynikaneyap Transmission Project (the Project). The Project includes reinforcement of an existing electricity transmission line to Pickle Lake in Northwestern Ontario and construction of transmission lines extending north from Pickle Lake and Red Lake to connect remote First Nations communities. WPLP is a licensed electricity transmitter and its licence authorizes it to own and operate a transmission system consisting of the facilities that comprise the Project.

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