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Corporate Governance for Regulated Utilities (i.e., Electricity and Natural Gas etc.)


 
Disclaimer

Header

  Reference Number 353542
  Solicitation Number RFPOEBCGRU12222015
  Organization Name Ontario Energy Board
  Source ID PV.BD.ON.463551.C74658
  Associated Components Yes

Dates

  Published 2015-12-22
  Revised
  Closing 2016-01-21 03:00 PM Eastern Standard Time EST

Details

  Category Energy
  GSINS AG614500: ENERGY
B329B: ADVISORY SUPPORT SERVICES / ENERGY EFFICIENCY
N9130GG: NATURAL GAS
R019F: CONSULTING SERVICES
S: Utilities
S099J: UTILITIES (ELECTRICITY, WATER, GAS, AND SANITARY SERVICES)
  Region of Delivery Canada
  Region of Opportunity Canada
  Agreement Type Open Bidding (OB)
  Tender Type Request for Proposal (RFP)
  Estimated Value
  Solicitation Method Open
  Pre-bid Meeting Not Applicable
  Site Visit Not Applicable
  Bid Security Required No

Notice Description

  Corporate Governance for Regulated Utilities (i.e., Electricity and Natural Gas etc.)

The OEB has established a regulatory framework based on regulated utilities achieving outcomes that are valued by consumers. A key component of this framework is performance and continuous improvement by regulated utilities. Good corporate governance can be, based on the research, a driver for improved performance by providing oversight of the utility. Encouraging good corporate governance should facilitate success in achieving the OEB’s outcomes.

In 2014-2015, the OEB conducted research that involved a jurisdictional review of leading corporate governance practices by other energy and non-energy regulators.

The jurisdictional review showed that in general energy regulators lag the financial and securities industry with respect to the degree of sophistication of corporate governance guidance and methods to demonstrate corporate governance effectiveness. It was suggested that the OEB would be a leader if it adopted corporate governance guidelines.

This project will build on the research carried out in 2014-2015. To assist regulated utilities (i.e., electricity distributors and transmitters, as well as natural gas distributors) with maturing their corporate governance in lockstep with leading practices, such that the OEB can advance its regulatory performance framework and reward good corporate governance, it is proposed that guidance be provided on best practices.

The overall objectives of the OEB’s corporate governance initiative are as follows:
• In the short-term: Understanding best practices and how to recognize good governance
• In the medium-term: Encouraging good governance in the electricity and natural gas sectors
• In the long-term: Rewarding good governance (e.g., proportionate reviews)

The short-term objective was completed with the work done in 2014-2015 as discussed above

This project will now focus on encouraging good governance by regulated utilities

Full details are provided in the RFP document which is available only through MERX at www.merx.com or 1-800-964-6379, MERX reference number 353542.

Submissions will be received as follows:

Date: January 21, 2016
Time: Before 3:00:00pm (Toronto local time)

Proposals are to be submitted at the following address:

Ontario Energy Board (“OEB”)
2300 Yonge Street, 27th Floor
Toronto, ON M4P 1E4

Attention: Catherine Torrese Benyi, Procurement Specialist

The reception area on the 27th Floor is open from Monday to Friday from 8:30 a.m. to 5:00 p.m. (Toronto local time).

LATE SUBMISSIONS WILL NOT BE ACCEPTED

Deadline for Bidders' Questions: January 11, 2016
Deadline for issuing Addenda:     January 15, 2016


 

Contact(s)

Contracting Authority

  Name Catherine Torrese Benyi
  Address 2300 Yonge Street - 27th Floor, P.O. Box 2319

  City Toronto
  State / Province ON
  Country Canada
  Postal Code M4P 1E4
  Phone 416-440-7657
  Fax 416-440-7671
  Email Catherine.Benyi@oeb.ca
  Website URL https://www.oeb.ca/

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