AUC R&V on FORTIS Purchase of REA Assets

The AUC has issued decision 21768-D01-2017 on the Review & Variance of two decisions involving the sale of REA assets to FortisAlberta.  The R&V was initiated by the Commission after it found that the UCA had inadvertently been denied the opportunity to comment on whether the Kingman REA and VMN REA acquisition costs were prudently incurred. 

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FortisAlberta’s Purchase Price for REA and Municipal Electrical Assets

In December of 2016, FortisAlberta and the municipality of Crowsnest Pass applied to the AUC for approval of the sale of the municipality’s distribution assets to Fortis Alberta for a purchase price of $3.7 million.

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