Via Email
Ian.wigington@corix.com June 12, 2014
Mr. Ian Wigington
Director, Regulatory
Corix Utilities Inc.
1160-1168 West Georgia Street
Vancouver, BC V6E 4A2
Dear Mr. Wigington:
Re: Generic Cost of Capital Proceeding (Stage 2) Decision and Order G-47-14
Corix Utilities Inc. Compliance Filing
on behalf of Dockside Green Energy LLP
The Commission is in receipt of a letter filed on behalf of Dockside Green Energy LLP (DGE) dated May 23, 2014, in response to Order G-47-14 which was issued concurrently with the Generic Cost of Capital (GCOC) Stage 2 Decision dated March 25, 2014.
The Order established, among other things, an allowed default common equity component of 42.5 percent and an equity risk premium of 100 basis points for DGE, effective January 1, 2013. Directive 6 directed DGE to file
a document setting out: (a) whether it would implement the minimum default capital structure and equity risk premium for rate setting, and if so, the time line; or (b) whether it would let the existing contractual customer rates, if applicable, take their course, and if not, its proposed treatment of the difference between the current rates being charged to the customers and the allowed rates as determined by the Order.
The Commission finds DGE’s response to Directive 6 to be in compliance with Order G-47-14.
Yours truly,
Erica Hamilton
EC/dg