Today, the New Brunswick Energy and Utilities Board (EUB) approved Enbridge Gas New Brunswick’s 2011 regulatory financial results and provided further direction on the development of the natural gas distribution rate structure and associated rates and tariffs.
Enbridge Gas New Brunswick has been directed to make some adjustments to its 2013 Budget and to recalculate the distribution rates and tariffs based on the cost of service methodology, to reflect the required adjustments. The recalculated rates are to be submitted on or before September 25th, and the EUB is required to provide approval on or before September 30th, 2012. The new approved rates and tariffs are to take effect October 1st, 2012.
For information about the regulatory process, please see the New Brunswick Energy and Utilities Board site.