The AUC approved amendments to Rule 005: Annual Reporting Requirements of Financial and Operational Results with an effective date of March 31, 2021. The AUC undertook the changes as part of its initiative to improve regulatory efficiency under the Red Tape Reduction Act, introduced by the Government of Alberta.
Rule 005 sets out the detailed financial and operational information that is required to be filed annually by utilities, default supply providers, and regulated rate providers.
The proposed changes focused on streamlining the reporting of a utility’s annual finances and operations by removing schedules or reporting requirements that the AUC considers may no longer be required or that contain information that is publicly available through other means. The goal was to streamline the reporting of a utility’s annual finances and operations while ensuring the provision of a sufficient level of detail.
The AUC reviewed the stakeholder’s specific concerns and summarized and addressed the issues raised in the comments in the stakeholder comment tables accompanying the revised rule. This bulletin, the blackline versions related to rule changes, and the tables containing the AUC responses to stakeholder comments are posted in the Rule-related consultations section of the AUC website.