OEB announces 2010 electricity distribution rates for 7 utilities

TORONTO, April 16 /CNW/ - Today the Ontario Energy Board (the Board) announced 2010 electricity distribution rates for the following utilities:

    
    -  Canadian Niagara Power Inc. - Eastern Ontario Power
    -  Canadian Niagara Power Inc. - Port Colborne
    -  Canadian Niagara Power Inc. - Fort Erie
    -  Grimsby Power Incorporated
    -  Horizon Utilities Corporation
    -  Kenora Hydro Electric Corporation Ltd.
    -  Northern Ontario Wires
    

The impact on the delivery line of consumer bills will range from a decrease of 18% to an increase of 14.2% for residential customers using 800 kWh per month. The delivery line makes up approximately one-third of the total bill. The distribution rates take effect May 1, 2010.

A table of estimated bill impacts on residential consumers' bills is available on our website at http://www.oeb.gov.on.ca/OEB/_Documents/2010EDR/bill_impacts_2010.pdf.

For more information please refer to the 2010 Electricity Distribution Rates Backgrounder on our website site at http://www.oeb.gov.on.ca/OEB/_Documents/Press+Releases/bckgrndr_2010.pdf.

The Ontario Energy Board regulates the province's electricity and natural gas sectors in the public interest. It envisions a viable and efficient energy sector with informed consumers, and works towards this vision through regulation that is effective, fair and transparent. For more information on the Board, please visit our website at www.oeb.gov.on.ca or contact the Consumer Relations Centre at 416-314-2455 or toll-free at 1-877-632-2727.

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For further information: Media Inquiries: Vanda Wall, Ontario Energy Board, [phone]; Public Inquiries: [phone] Or 1-877-632-2727