ATCO seeks to delay regulatory hearing on excess profits for appeal process

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ATCO seeks to delay regulatory hearing on excess profits for appeal process
ATCO GasAlberta Utilities CommissionThe Commission
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EDMONTON — A prominent Alberta utility is seeking to delay a hearing on appropriate remedies for gas and electricity rates the province's utilities regulator...

EDMONTON — A prominent Alberta utility is seeking to delay a hearing on appropriate remedies for gas and electricity rates the province's utilities regulator says were neither reasonable nor justified.

Like other Alberta utilities, the companies operate under a series of five-year agreements with the regulator that permit them to make a rate of profit within an agreed-upon range. "Customers paid more than what was reasonably required for the provision of safe and reliable utility service." "The manner in which we were expected to track those costs wasn't known to us until last year, when it was too late," Bayley said.

"The commission considers that an appropriate remedy may be in the nature of refunds to the ATCO Utilities’ customers that relate to the quantum of savings," its decision says. The commission is expected to deliver a decision on its review by Aug. 1. The Court of Appeal could take until 2025 to decide whether or not to hear ATCO's request for a review.Our cowardly, politically paralyzed Congress won’t do anything about it. But the United States has laws against perjury. | OpinionBuying Nvidia in 2024? Wall St. Legend Reveals Secret...The airline denied an Ontario couple from boarding their flight in June after they refused to check in their carry-on luggage.

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