BILL NO. 2
1st Session, 62nd General Assembly
62 Elizabeth II, 2013
Private Member's Bill
Public Utilities Act
The Honourable Chris A. d'Entremont
First Reading: November 29, 2013
This Bill sets out what the Nova Scotia Utility and Review Board must take into account, and not take into account, in determining the allowable return on common equity included in the general rate set for an electric public utility.
An Act to Amend Chapter 380
Be it enacted by the Governor and Assembly as follows:
of the Revised Statutes, 1989,
the Public Utilities Act,
Respecting Ratepayer Fairness
1 This Act may be cited as the Ratepayer Fairness Act.
2 Chapter 380 of the Revised Statutes, 1989, the Public Utilities Act, is amended by adding immediately after Section 45 the following Section:
45A (1) In establishing an allowable return on common equity to be included in the general rate set for an electric public utility, the Board shall use a method that
(a) results in a return on common equity that is fair to electricity ratepayers;
(b) includes comparisons to
(c) takes into account an equity-risk premium appropriate to the electricity industry and to the regulatory environment enjoyed by the utility; and
(d) takes into account a separate fuel-adjustment mechanism.
(2) The Board shall not consider the results of a settlement conference or an agreement reached by an electric public utility's stakeholders in establishing an allowable return on common equity for the utility.
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