The appellant utility appealed a decision of the Ontario Energy Board that allocated 100% of the net after-tax gains from the sale of three properties to reduce the utility's revenue requirement, thereby lowering electricity rates.
The appellant argued the OEB exceeded its jurisdiction and improperly granted ratepayers a property interest in the utility's assets.
The Divisional Court held that the OEB's decision fell squarely within its rate-setting authority and expertise.
Applying a reasonableness standard of review, the Court found the OEB's allocation of the gains as a revenue offset was a reasonable exercise of its mandate to balance competing interests and set just and reasonable rates.
The appeal was dismissed.