Newfoundland
Power Inc. - Rebate to Customers
Press Release
Board of Commissioners of Public Utilities
Friday, March 16, 2001
On February 8, 2001, the Board received an application from
Newfoundland Power Inc. proposing that revenue
credited to the Company’s excess revenue account be disposed of through a rebate to its customers of 1.90%
of customers’ total billing amounts for 2000.
Following a Public Hearing held March 12, 2001, the Board
issued P.U. 37(2000-2001) approving the Company’s request, ordering that the
balance in the Company’s Excess Revenue Account, as at December 31, 2000, of
$6,733,000 be rebated to customers, together with HST of $1,010,000, through a
one-time credit to each of its customers on their April 2001 electric service
bills of 1.90% of the customer’s total billing amounts on electric service
bills issued during the period January 2000 to December 2000. The total amount
to be rebated to customers is $ 7,743,000.
A copy of the Board’s decision is available on the
Board’s website at www.pub.nf.caAny inquiry should
be directed to Cheryl Blundon, Board Secretary
Phone: 726-8600
E-mail: cheryl@pub.nf.ca
Facsimile: 726-9604
