Hydro receives Board order for current General Rate Application
On May 7, 2019, Hydro received an order from the Board of Commissioners of Public Utilities (Board) in relation to our General Rate Application (GRA) filed in 2017. This represents one of the final steps in the GRA process.
We know that the people of Newfoundland and Labrador depend on Hydro to provide safe, reliable electricity and to help carefully manage electricity costs. We take that responsibility very seriously and are focused on managing our operations and our costs responsibly for our customers. Hydro fully respects the GRA process and the decisions of the Board in helping ensure that electricity rates charged to customers are reasonable and reflect the cost of providing service across the province.
Over the coming weeks we will carefully review the order, and then submit a final filing to the Board that provides the updated information requested as well as proposed rate changes. The Board will then review that filing and make a final decision about electricity rates for 2019. We expect a final decision later this year (fall 2019).
The complete order can be viewed on the Board’s website.