NOTICE OF DECISION
News Release
January 29, 2013
By Board Order 11/13, the Public Utilities Board (Board) approves an increase in Stittco Utilities Man Ltd.'s (Stittco) propane commodity rate from $0.9136/m3 to $0.9249/m3 for propane consumed on or after February 1, 2013. The impact of the increase in the propane commodity rate, along with non-commodity costs, is expected to increase the average residential bill by approximately 0.5% depending on propane consumption.
Commodity rates are reviewed quarterly in accordance with a Board-approved methodology. Non-commodity cost rates are reviewed annually and reflect operating costs, income taxes, depreciation and a provision for a rate of return on shareholder's investment. The last change to non-commodity rates occurred in August 2012.
The existing and revised propane rates are shown below:
Previous Effective November 1/12 | Revised Effective February 1/13 | ||
Basic Monthly Charge | $10.00/mo | $10.00/mo | |
Propane Commodity Costs ($/m3) | $0.9136 | $0.9249 | |
Non-Commodity Costs ($/m3) | |||
First 100/m3 | $1.20122 | $1.20122 | |
Next 400/m3 | $1.07129 | $1.07129 | |
Next 1000/m3 | $1.01371 | $1.01371 | |
Next 2500/m3 | $0.82131 | $0.82131 | |
Over 4000/m3 | $0.63006 | $0.63006 |
A copy of the Order, which contains additional information, may be reviewed on the Board's website www.pub.gov.mb.ca, or be obtained through the Board's Office.
The Public Utilities Board
400 - 330 Portage Avenue
Winnipeg, MB R3C 0C4
Telephone: (204) 945-2638
Facsimile: (204) 945-2643
Toll Free: 1-866-854-3698
Email:publicutilities@gov.mb.ca
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