PBR for Ontario Power Distributor

The Ontario Energy Board issued a decision in November approving a new multiyear rate plan for Hydro Ottawa. The plan resulted from a settlement between the parties and features a hybrid revenue cap. Revenue for OM&A expenses will be indexed while revenue for capital will be escalated based on forecasts less a stretch factor. Dr. Mark Newton Lowry, President of PEG, prepared benchmarking and plan design research and testimony for Ontario Energy Board staff in the proceeding.