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Hydro One is preparing to challenge a ruling issued by the Ontario Energy Board last month that found it could not pass along certain costs related to the utility’s privatization to its transmission customers.

In a release issued Wednesday, the Toronto-based utility said it is specifically seeking to review and vary the treatment of costs related to a deferred tax asset.

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The OEB, which regulates Ontario’s electricity industry, had reduced the amount of estimated tax expenses that Hydro One Networks Inc., a subsidiary of Hydro One, could recover from transmission customers by around $50 million combined for 2017 and 2018.

Hydro One, the largest distributor and transmitter of electricity in the province, said it is also considering an appeal to Ontario’s Divisional Court. Deadlines to file the motion or appeal are Oct. 18 and Oct. 27, respectively, the company said.

According to the OEB decision, nearly $2.6 billion in estimated future cash tax savings were realized by Hydro One’s subsidiary as a result of the November 2015 IPO of its parent company, Hydro One Ltd., which was brought about by Ontario’s Liberal government.