Hi Jay:



The Board Staff brought this question forward and we have responded and made the correction as noted below:



There was an error in the formula to calculate the weighted cost of debt, the formula was not adjusted correctly to reflect a change in borrowing requirements that was made during the process. OHL made this correction to 5.63% and it is shown in Appendix B.



Regards,



Jan Howard



From: Jay Shepherd [mailto:jay.shepherd@shibleyrighton.com]
Sent: Monday, October 26, 2009 10:11 AM
To: mbuonaguro@piac.ca; Mona Habashy; gdick@orangevillehydro.on.ca; jhoward@orangevillehydro.on.ca; amy.long@orangevillehydro.on.ca; wmcnally@opsba.org; bharper@econalysis.ca; Bob Williams; Board Secretary
Subject: EB-2009-0272 Orangeville Hydro Limited- SEC Interrogatories



We enclose the interrogatories of the School Energy Coalition, with apologies for filing this morning instead of Friday afternoon.



Jay





Jay Shepherd

416-804-2767 (phone)

416-214-5424 (fax)

www.shibleyrighton.com