Dear Valued Customers:
Newmarket-Tay Power Distribution Limited (“NTPDL”) is pleased to present its 5-year Distribution System Plan (“DSP”). The DSP describes NTPDL’s forecasted capital planned investments in its electrical distribution infrastructure that are required to service present and future NTPDL customers over the 5-year period 2020 to the end of 2024. The investments are planned to accomplish the key regulatory outcome of providing timely value to you, our customers.
In this DSP, NTPDL is investing over the 5-year period 2020-2024, a total of $36M in distribution assets or an average of $7.3M per year. In terms of bill impact of this $36M capital investment, a residential customer would see about a $1.25 increase on their monthly bill beginning in 2028. It should be noted that our initial condition assessment undertaken by an independent third party recommended an average yearly spend of over $10M per year, but from extensive customer feedback we understand that you our customers continue to be concerned about rising electricity costs, so we believe the DSP we are presenting balances system and customer needs.
The investments we are making are influenced by your input and are designed to align reliability and service quality with your expectations, including cost mitigation.