Electricity – Rates
On May 13, 2021, the AUC issued its decision regarding AltaLink Management Ltd. (“AML”)’s 2019 projects deferral accounts reconciliation compliance application related to Decision 25913-D01-20212 and Decision 26278-D01-2021. In this decision, the AUC approved the addendum to Proceeding 26500 filed by AML seeking approval of a one-time billing to the Alberta Electric System Operator (“AESO”) in the amount of $42.4 million to dispose of the final settlement balances approved in Decision 26278-D01-2021.
AML provided an updated and adjusted summary of deferral accounts that indicated adjustments totaling $42.4 million. These are composed of a charge of $8.1 million for January 1 to December 31, 2016; $33.2 million between January 1 and December 31, 2017; and $1.1 million between January 1 and December 31, 2018.
The AUC found that AML’s request for approval to dispose of its final settlement balances for 2016-2018 of $42.4 million through a one-time billing to the AESO is consistent with the findings from Decision 26278-D01-2021 and Decision 26500-D01-2021 and was approved as filed.