Enbridge’s $400 per year gas hike approved by regulator – Business – CBC News

In its decision, the board says, “Enbridge, as a natural gas distributor, is not allowed to profit from the sale of the natural gas commodity. The actual cost of the gas purchased by Enbridge for its customers is passed on to Enbridge’s customers without any markup or added costs.”

“The board is of the view that rate mitigation may be warranted in this case to smooth the bill impact to customers that buy their gas from Enbridge,” the board said in its decision.

The full effect of the rate increase is not expected to be felt by residential customers until next winter, Enbridge noted.

via Enbridge’s $400 per year gas hike approved by regulator – Business – CBC News.

PR Notes: After reading the Sunshine List things like this just seem wrong. Why aren’t Canadian’s seeing any benefit from our resources?

Rosemarie Leclair, chairwoman and CEO of the Ontario Energy Board — which approved Enbridge Gas’ request to boost rates by 40 per cent starting April 1 — took in $509,222.

via Yahoo
Ontario Sunshine List 2014: Who Tops The List?

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