Utility lines in Lethbridge. (Photo: Lethbridge News Now)
Company Disappointed
Utilities Commission denies AltaLink’s proposed $120 million refund
May 17, 2022 | 3:15 PM
-
Share on Facebook
-
Share on Bluesky
-
Share on X
- Copy Link
lberta’s utilities watchdog has shut down a plan from a power transmission company to give ratepayers a refund.
The Alberta Utilities Commission says the small cash payout proposed by AltaLink would ultimately cost consumers millions more than it returned.
AltaLink, Alberta’s largest electricity transmitter, had asked the commission to allow it to offer a 120-million-dollar refund that would have averaged about five dollars a month for residential customers.
The commission pointed out the refund would have been financed by a loan, not cash.
