Enbridge Gas Distribution Receives Final 2006 Rate Decision From the Ontario Energy Board.TORONTO -- Today, the Ontario Energy Board The Ontario Energy Board (OEB) is a Crown corporation responsible for regulating natural gas and electricity utilities in the province of Ontario, Canada. This includes setting rates and approving the Independent Electricity Market Operator (IMO)'s budget and fees. (OEB See Open eBook. ) released its final Decision regarding Enbridge Gas Distribution's (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :ENB) (NYSE NYSE See: New York Stock Exchange :ENB) (EGD Esophagogastroduodenoscopy (EGD) An imaging test that involves visually examining the lining of the esophagus, stomach, and upper duodenum with a flexible fiberoptic endoscope. Mentioned in: Bleeding Varices EGD esophagogastroduodenoscopy. ) Fiscal 2006 Rate Case. EGD filed its 2006 application on March 18, 2005. Today's Decision focused on approval of the issues not addressed through the Alternate Dispute Resolution ("ADR ADR - Astra Digital Radio ") phase of the 2006 proceeding. EGD had applied for an increase in rates to ensure continued investment in the gas distribution infrastructure which will ensure continued reliability and integrity of the gas distribution infrastructure; support growth within its franchise area; manage the increased costs related to running the day-to-day business; enhance Demand Side Management programs to help reduce energy use; and address increased compliance and regulatory costs. EGD is pleased with some aspects of the Decision particularly the OEB's recognition of the higher operating costs required to provide safe and reliable service to its customers. However EGD will be challenged to fully address mounting demands on its gas distribution infrastructure and new customer needs given the OEB's decision to limit capital expenditures in 2006. The 2006 rates, effective January 1, 2006, will be implemented on April 1, 2006. EGD will continue to have one of the lowest operating and maintenance costs per customer among North American natural gas utilities, a measure of high productivity. Further information about the Decision is available at: www.oeb.gov.on.ca or through the OEB Customer Service Centre at 416-314-2455 or toll-free at 1-877-632-2727. Enbridge Gas Distribution has a more than 155-year history and is Canada's largest natural gas distribution company. Enbridge Gas Distribution is owned by Enbridge Inc., a Canadian-based leader in energy transportation and distribution. As a distributor of energy, Enbridge owns and operates distribution services in Ontario, which distributes natural gas to more than 1.8 million customers Ontario, New York
Ontario is a town in Wayne County, New York, United States. The population was 9,778 at the 2000 census. The town is named after the Great Lake on its northern border. State, New Brunswick and southwestern Quebec. Enbridge Gas Distribution Inc. (TSX:ENB) (NYSE:ENB) |
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