In the 2021 Generic Cost of Capital (GCOC) proceeding (ID 24110), the Commission published a list of options for the Alberta Utilities to establish the path that each utility will take to determine their return on equity and equity thickness for 2021.
The Commission’s original Performance Based Regulation (PBR) decision contains a provision that allows the Commission to review a utility’s historical PBR plan if the reported ROE is 300 basis points (BP) above or below the approved return on equity (ROE) for two consecutive years, or 500 BP above or below the approved ROE for one year.
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On September 6th, the Market Surveillance Administrator released two “Retail Market Reports” titled Assessment of Inter-jurisdictional Retail Rate Comparisons and Trends in Regulated Retail Electricity and Natural Gas Bills.
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On May 8, 2015 the AUC issued a Bulletin soliciting input on issues parameters and issues for the upcoming hearing on performance-based regulation (PBR) plans.
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The CCA, UCA and City of Calgary (the “customers”) have jointly have responded to a proposal by the Alberta Utilities to expedite the 2016 GCOC proceeding.
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On April 30, 2015, only 6 weeks after the 2013 Generic Cost of Capital decision (applying to 2013, 2014 and 2015), the Alberta Utilities Commission issued a letter initiating the 2016 GCOC proceeding, and requesting feedback regarding the scope of the hearing and approaches to the application process. The Alberta Utilities shortly thereafter issued a response proposing an alternate approach to the 2016 GCOC.
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On April 21, ATCO, AltaGas, and EPCOR filed applications with the Court of Appeal to challenge the recent Cost of Capital Decision.
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On March 9, 2015 the Commission released their decision on 2013 Generic Cost of Capital (Decision 2191-D01-2015), which lays out the Commission’s findings on a generic return on equity (ROE) and a common equity structure.
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The Alberta Distribution Utilities (AltaGas, ATCO Gas, ATCO Electric, EPCOR Distribution and Transmission (EDTI), and Fortis) regulated by the AUC have completed the annual Performance Based Regulation (PBR) rate adjustment process.
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ATCO Utilities that they routinely submit cost claims that are in excess of the AUC’s scale of costs set out in Rule 002, most frequently in regards to legal fees. In response, the Commission (with equal frequency) limits or disallows partial costs to effectively bring legal fees in line with the price cap.
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