Tuesday, December 12, 2017

Ontario Energy Association Releases Report on Energy Governance in Ontario

TORONTO, Nov. 17, 2017 (GLOBE NEWSWIRE) -- The Ontario Energy Association (OEA) and Association of Power Producers of Ontario (APPrO) are pleased to release “Report on Energy Governance in Ontario.” The report is written by George Vegh, head of McCarthy Tétrault’s Toronto energy regulation practice. George is also Adjunct Professor at the University of Toronto Law School and the School of Public Policy and Governance. Prior to joining McCarthy Tétrault, he was General Counsel of the Ontario Energy Board.

The report addresses how energy decisions are governed in Ontario and proposes solutions to improve it. The main conclusion in this report is that energy agencies have not provided the check and balance function that regulators perform in other jurisdictions and recommends that energy governance should be improved to better reflect the principles of transparency, accountability and integration.

“Ontario needs to update its energy planning governance framework to ensure consumers achieve maximum benefit from an energy sector that is going through an accelerating transformation,” said Vince Brescia, President & CEO of the OEA. “This report sets a number of important issues with the existing regulatory framework and offers strong and practical recommendations to improve the framework to ensure Ontario can deliver a system that is meeting the consumer’s evolving needs.”

David Butters, President & CEO of APPrO, stated that, "Our hope is that this paper will stimulate further discussion among policy makers, regulators and sector participants about governance improvements. The recently released LTEP provides a good foundation for those kinds of discussions to unfold.”

A digital copy of the Report can be viewed here.

About the OEA
The Ontario Energy Association (OEA) is the credible and trusted voice of the energy sector. We earn our reputation by being an integral and influential part of energy policy development and decision making in Ontario. We represent Ontario’s energy leaders that span the full diversity of the energy industry.

For more information:
Vince Brescia, President & CEO
Ontario Energy Association
416.961.8874
[email protected]

Leanne Ryan, Marketing & Communications Associate
Ontario Energy Association
647.463.5244
[email protected]


Source: NASDAQ