Union Gas Limited v. Ontario Energy Board
The Court dismissed the appeal, holding the Board reasonably found Union's 2011 FT-RAM revenues were generated on a planned basis and thus distinguishable from previously deferred unplanned optimization revenues; those revenues were properly reclassified as gas supply cost reductions (encumbered and subject to disposition), the Board acted within its s.36 authority, and the reclassification did not constitute impermissible retroactive ratemaking.
Source excerpt
- Retroactive ratemaking
- Deferral accounts
- Earnings sharing mechanism (esm)
- Incentive regulation mechanism (irm)
- Rate setting
- Encumbered revenues