P.U. 27 (2001-2002)
IN THE MATTER OF the
Public Utilities Act, R.S.N. 1990,
c. P-47,
as amended (the “Act”)
AND
IN
THE MATTER OF
an application by
Newfoundland
Power Inc. (the “Applicant”),
pursuant
to Section 41(3) of the Act, for approval
to
proceed with a lease of certain additions to its
property.
WHEREAS the Applicant presently
owns and utilizes a colour photocopier at its print shop facility; and
WHEREAS the Applicant has
experienced an increase in the volume of colour copies and the existing colour
photocopier is not designed to process the additional volume in an efficient
manner; and
WHEREAS the Applicant issued a
request for proposals to supply and maintain a new colour photocopier and
received a total of 6 proposals from 3 separate vendors; and
WHEREAS the Applicant determined
that, of the 6 proposals, the best value for the equipment necessary to
accommodate the expected volume of colour photocopying is reflected in a
proposal offered by Xerox Canada Ltd.; and
WHEREAS the Applicant has
performed a net present value analysis that compares the cost of purchasing
with the cost of leasing the colour photocopier and the analysis indicates that
leasing is the least cost option; and
WHEREAS Schedule A to the Application
is a copy of an agreement with Xerox Canada Ltd. for the lease of a colour
photocopier which provides for equal monthly payments of $1,604.00 (excluding
HST) for a period of 36 months; and
WHEREAS the Applicant states
that the new colour photocopier will accommodate the Applicant’s colour copying
requirements in a more efficient and cost-effective manner.
IT IS THEREFORE ORDERED
THAT:
Pursuant to Section 41(3) of the Act, the
Applicant’s proposed leasing arrangement with Xerox Canada Ltd. for a colour
photocopier is hereby approved.
DATED at St. John's, Newfoundland, this 21st day of November, 2001.
Robert Noseworthy,
Chairperson and Chief Executive Officer.
Darlene Whalen, P.Eng.,
Vice-Chairperson.
G. Cheryl Blundon,
Director of Corporate Services and
Board Secretary.