The date has been set for the Public Utilities Board’s hearings into Newfoundland Power’s general rate application.
Newfoundland Power is proposing two rate increases over the next year or so, a 1.5 per cent increase effective this July 1st, and another 5.5 per cent in July of next year.
A public hearing on the rate application is set for Thursday, June 13th at the PUB’s hearing room in the Prince Charles Building on Torbay Road in St. John’s.
Those interested in making a presentation must make a formal request through the Executive Director and Board Secretary by Wednesday, June 5th.
Consumer Advocate Dennis Browne is an intervenor in the proceeding and has already indicated that he plans to argue against the increase, citing what he considers to be Newfoundland Power’s already comfortable profit margin.