______________________

John Pickernell

Assistant Board Secretary

Ontario Energy Board

416-440-7605

Fax: 416-440-7656

Website: www.oeb.gov.on.ca

Official Correspondence: BoardSec@oeb.gov.on.ca



Address:

P.O. Box 2319

2300 Yonge Street 27th Floor

Toronto, ON

M4P 1E4

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From: valhenry [mailto:valhenry@tbaytel.net]
Sent: February 19, 2009 1:39 PM
To: BoardSec
Cc: Larry Hebert
Subject: EB-2008-0245



EB-2008-0245



Henry Wojak

1480 Norkooli Rd

Thunder Bay,Ontario

P7J 1M7

1-807-475-8234

valhenry@tbay.net

Thursday, February 19, 2009







Ontario Energy Board

P.O. Box 2319

2300 Yonge Street, 27th Floor

Toronto ON M4P 1E4



Attention: Board Secretary



It is my hope that the OEB will not approve the increase, on the rate of return on equity, as proposed by Thunder Bay Hydro.

The mandate of the utility is to operate on a rate minimization model, and even if the rate is below those provided other LDCs, the integrity of that mandate would be compromised with an increase on that return.

The Long Term Strategic Property Tax Plan for the city of Thunder Bay continues to promote the idea that Thunder Bay Hydro change from a Not for Profit Model to a Rate of Return Model. This , (I believe the technical term is,) hooey, is the main reason why I ask that the OEB disallow for the increase in the rate of return on equity (2.93 to 3.5%),by Thunder Bay Hydro.

I hope the board will consider this comment at such late time.



Thank you

Henry Wojak







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