May 1, 2024

Westario Power filed a settlement proposal, dated April 5, 2024, that reflected a comprehensive settlement between Westario Power and participating intervenors.

OEB staff filed a submission supporting the settlement proposal on April 17, 2024. OEB staff submitted that the settlement proposal was in the public interest and would result in just and reasonable rates for customers of Westario Power.

For the reasons described in this Decision and Rate Order, the OEB approves the settlement proposal as filed.

As a result of this Decision and Rate Order, it is estimated that, for a typical residential customer with a monthly consumption of 750 kWh, the distribution bill impact (excluding pass-through costs) will be a reduction of $0.55 (1.8%). A typical residential customer would see a total bill reduction (including taxes and the Ontario Electricity Rebate) of $0.12 (0.1%) per month for 2024.

The OEB Staff Submission on Settlement Proposal as well as the complete Decision and Order can be found on the OEB’s website.