The public awaits PUB approval of a NL Hydro sponsored electricity rate increase of 6.6% in 2018 and another 6.4% in 2019. The PUB has adequate reason to reject at least a part of the request.
Hydro’s Rate Application (Vol. I, page 3.5) reads that the rates increases are necessary because:
“Hydro has prudently increased investment in its capital program. In 2016, Hydro spent approximately $204 million on capital work (infrastructure). In 2017, Hydro plans to spend $370 million. These investments, including the new transmission line TL267 from Bay d’Espoir to Western Avalon, are necessary to secure the long-term reliability of the system for Hydro’s customers.” (bold added)