Should Enbridge Gas Keep or Return 2024 Excess Earnings?
Official title: 2024 Utility Earnings, Deferral and Variance Disposition
Enbridge Gas made more money than expected in 2024. Now the Ontario Energy Board is deciding how much of that should go back to customers. The company also wants to clear out various account balances that have built up over the year.
Why This Matters
Heat your home with natural gas? This decision affects your bill. If Enbridge earned too much, you might get money back. If costs were higher than expected, you could pay more.
What Could Change
The OEB will decide how Enbridge's 2024 earnings get split between the company and ratepayers. Various account balances will be cleared, which could result in credits or charges on future gas bills for Ontario customers.
Key Issues
- How should Enbridge's 2024 excess earnings be shared with ratepayers?
- How should accumulated deferral and variance account balances be disposed of?
How to Participate
- Review the application and evidence filed by Enbridge Gas to understand what they're requesting.
- Read the Notice of Hearing for details on how to participate in this proceeding.