bcuc

The BCUC has approved the FortisBC and City of Kelowna asset purchase agreement which transfers ownership of the City-owned electrical utility assets to FortisBC for a purchase price of about $55 million. The approval is subject to a specific rate base calculation and the introduction of a short-term deferral account to allocate resulting customer benefit. 

The BCUC approved BC Hydro’s $1.2 billion application to replace the John Hart generating station near Campbell River, BC. The existing six unit powerhouse will be replaced with a three unit powerhouse with a capacity of 128 MW (currently rated at 118 MW), and the station will be updated to address reliability, seismic and environmental […]

On Feb 25, 2013, the BCUC denied FortisBC’s application to amalgamate with Terasen Gas and implement common postage stamp rates throughout the amalgamated entity’s combined service area. The postage stamp rates would have resulted in substantial rate decreases for customers of FortisBC Energy (Vancouver Island) and FortisBC Energy (Whistler) at the expense of FortisBC Energy […]