In proceeding 29064, ATCO Gas and ATCO electric (collectively referred to as ATCO) request to file fact evidence as part of the phase 2 PBR re-opener for the second-generation PBR (PBR2). The Commission issues a decision on this request and sets out the next process steps and dates for the proceeding.
In proceeding 28300, the Alberta Utilities Commission (the Commission) determined that it will reopen the 2018-2022 PBR term (PBR2) of ATCO Gas and ATCO electric (collectively referred to as ATCO). The Commission found specifically within the years of 2021 and 2022 the PBR plan did not operate as intended. This created rates that were not just and reasonable within those years for consumers along with rates of return achieved by ATCO that exceeded the approved amount. The Commission will therefore reopen PBR2 but will only focus on 2021 and 2022. [1]
In proceeding 28300, the Alberta Utilities Commission (the Commission) hears arguments for and against whether the plan for the second term of performance-based regulation (PBR2) of ATCO Gas and ATCO Electric (ATCO) was flawed; and if so, whether it is reasonable to re-open the plan. In proceeding 20414, the Commission set out a reopener provision allowing for the review of PBR plans if a utility’s return on equity (ROE) is 300 basis points above or below the approved ROE for two consecutive years, or if it is above or below 500 points in a single year. ATCO exceeded the 300-basis point threshold for 2021 and the 500-basis point threshold for 2022, triggering this current proceeding.[1]
In Proceeding 27388, the Alberta Utilities Commission (the Commission) sets the parameters of the third term of performance-based regulation (PBR3) in Alberta, which w ill be applied to the four following electric distribution utilities: ATCO Electric Ltd., FortisAlberta Inc. (Fortis), ENMAX Power Corporation, and EPCOR Distribution & Transmission Inc. (EPCOR); and the following two natural gas distribution utilities, ATCO Gas and Pipelines Ltd. and Apex Utilities Inc. In sum, PBR3 builds upon PBR2 but makes some key changes in how benefits and efficiencies are respectively provided and quantified going forward with the addition of an efficiency sharing mechanism and the removal of the efficiency carryover mechanism.