Newfoundland Power revises rate application with PUB

Staff ~ The Telegram
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Electricity rates might be going up more than expected.
Newfoundland Power issued a release today stating it has filed a revised rate application with the Public Utilities Board (PUB).
The company originally proposed an average rate increase of 6.1 per cent effective Jan. 1.
The revised application proposes an average increase of 7.2 per cent, ranging from 5.2 to 7.2 per cent for commercial users and 7.9 per cent for residential customers.
The PUB approved a decrease in electricity rates of 6.6 per cent effective July 1.
If the revised application is approved, Newfoundland Power says rates in January 2010 will be, on average, comparable with those this past January.
"Our goal from the outset has been to achieve a balance that ensures stable electricity rates and safe, reliable service for our customers while maintaining the financial integrity of the company," said Earl Ludlow, the company's president and CEO.
"As a result of volatility and changes in market conditions since we filed our application in May, we have experienced increases in some of our costs that has required us to revise our application."
The company offered various reasons for those increased costs, including the price of connecting new homes to the grid and the cost related to workforce recruitment and development.
Ludlow noted Newfoundland Power's residential electricity rates will remain the lowest in Atlantic Canada after this proposed rate change.

Organizations: Newfoundland Power, Public Utilities Board

Geographic location: Atlantic Canada

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  • cornergirl
    July 02, 2010 - 13:20

    That's interesting- when you have a new house hooked up I thought the homebuilder or homeownber had to pay pay for it. I know someone who was quoted $8,000.00 to hook up his summer home because it was beyond the pole line.

  • cornergirl
    July 01, 2010 - 20:03

    That's interesting- when you have a new house hooked up I thought the homebuilder or homeownber had to pay pay for it. I know someone who was quoted $8,000.00 to hook up his summer home because it was beyond the pole line.