Hi Anna,

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PUC included in its 2017 IRM Rate Application requests for the disposition of RSVA Power (1588) and RSVA GA (1589) accounts.

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Upon further review, PUC has determined that a true up adjustment of the 2015 amounts will be calculated and settled with the IESO. PUC anticipates the planned true up adjustment and settlement with the IESO will result in immaterial balances in these accounts.

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If PUC includes the RSVA Power and RSVA GA claims in this application, it will dispose of the December 31, 2015 balances and create a rate rider for the 2017 rate year. When combined with the planned true up and settlement with the IESO, the balances of the RSVA Power and RSVA GA accounts will have been removed twice. As a result, a claim for disposition will be required in PUC’s next rate application (2018) creating a rate rider in the opposite direction of the 2017 rate rider. In order to avoid rate volatility, PUC is proposing to remove the RSVA Power and RSVA GA account balances from the total Group 1 claim in its 2017 IRM Application.Â

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If you have any questions or would like to discuss further, let me know.

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Thanks!

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Andrew Belsito, CPA, CMA

Rates and Regulatory Affairs Officer

PUC Services Inc.

Tel (705) 759-3009

HYPERLINK "mailto:andrew.belsito@ssmpuc.com"andrew.belsito@ssmpuc.com

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