Investor Presentaiton
Eastern Canadian Regulated Electric Utilities
Type of utility
FortisOntario (1)
Electricity
Maritime Electric
Electricity
Regulator
Regulatory model
2017 Formula
2017F Midyear Rate Base
Ontario Energy Board
Island Regulatory and Appeals
Commission
Cost of service with incentives
8.93% 9.30% on 40% equity(2)
$0.3B
Newfoundland Power
Electricity
Newfoundland and Labrador Board of
Commissioners of Public Utilities
Cost of service on future test year
9.35% ROE on 40% equity
Cost of service on future test year
8.50% ROE +/- 50 bp on 45% equity
$0.3B
$1.1B
5-Year CAGR on Midyear Rate Base (3)
3.8%
2.3%
2.2%
2016 Assets % of total regulated
assets (4)
1%
1%
3%
2016 Earnings
$12M
$12M
$40M
2016 Earnings % of total regulated
1%
1%
4%
pro forma net earnings
Development Opportunities (5)
Wataynikaneyap Power Project
N/A
N/A
3ล
(1) Includes three electric utilities: Canadian Niagara Power, Cornwall Electric and Algoma Power.
(2)
Allowed ROE shown is for Algoma Power. Cornwall Electric operates under a franchise agreement with a price-cap and commodity cost flow through and, therefore, is not regulated with reference to an allowed ROE. The
allowed ROE for Canadian Niagara Power is 8.78% for 2017.
(3)
5-Year CAGR on midyear rate base includes 2017 to 2022 forecast.
(4)
Includes goodwill.
(5)
Development opportunities are not included in the base capital forecast and would represent incremental capital spending.
FORTIS
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