Acts and Regulations

2013, c.7 - Electricity Act

Section 68
Disposition versions

Full text
Electricity policy of the government
68It is declared to be the policy of the Government of New Brunswick
(a) that the rates charged by the Corporation for sales of electricity within the Province
(i) should be established on the basis of annually forecasted costs for the supply, transmission and distribution of the electricity, and
(ii) should provide sufficient revenue to the Corporation to permit it to earn a just and reasonable return, in the context of the Corporation’s objective to earn sufficient income to achieve a capital structure of at least 20% equity,
(b) that all the Corporation’s sources and facilities for the supply, transmission and distribution of electricity within the Province should be managed and operated in a manner that is consistent with reliable, safe and economically sustainable service and that will
(i) result in the most efficient supply, transmission and distribution of electricity,
(ii) result in consumers in the Province having equitable access to a secure supply of electricity, and
(iii) result in the lowest cost of service to consumers in the Province, and
(c) that, consistent with the policy objectives set out in paragraphs (a) and (b) and to the extent practicable, rates charged by the Corporation for sales of electricity within the Province shall be maintained as low as possible and changes in rates shall be stable and predictable from year to year.
Electricity policy of the government
68It is declared to be the policy of the Government of New Brunswick
(a) that the rates charged by the Corporation for sales of electricity within the Province
(i) should be established on the basis of annually forecasted costs for the supply, transmission and distribution of the electricity, and
(ii) should provide sufficient revenue to the Corporation to permit it to earn a just and reasonable return, in the context of the Corporation’s objective to earn sufficient income to achieve a capital structure of at least 20% equity,
(b) that all the Corporation’s sources and facilities for the supply, transmission and distribution of electricity within the Province should be managed and operated in a manner that is consistent with reliable, safe and economically sustainable service and that will
(i) result in the most efficient supply, transmission and distribution of electricity,
(ii) result in consumers in the Province having equitable access to a secure supply of electricity, and
(iii) result in the lowest cost of service to consumers in the Province, and
(c) that, consistent with the policy objectives set out in paragraphs (a) and (b) and to the extent practicable, rates charged by the Corporation for sales of electricity within the Province shall be maintained as low as possible and changes in rates shall be stable and predictable from year to year.