June 5, 2015 - AltaLink, an electric transmission company in Alberta, says it has submitted a proposal to the Alberta Utilities Commission (AUC), to save Albertans “more than $550 million between 2015 and 2017.”
By Renée Francoeur
This submission amends AltaLink’s previously filed 2015-2016 General Tariff Application (GTA), which outlines AltaLink’s proposed costs over the two-year period.
“Since we filed our GTA in November 2014, Alberta’s economy has clearly weakened,” said Scott Thon, president and CEO of AltaLink. “We recognize every Albertan is either directly or indirectly feeling the impact of low oil prices. At the same time, we are sensitive to the impact of price increases our customers experience associated with the much-needed expansion of Alberta’s electricity grid.”
AltaLink said it reviewed its previous application looking for opportunities to reduce cost. The result is a solution that will reduce AltaLink’s revenue requirement by more than 20% in 2015, 25% in 2016 and includes commitments for a further $111 million in 2017. The total savings to Albertans will be: $178 million in 2015, $266 million in 2016, and $111 million in 2017, according to AltaLink.
Under this proposal, residential and farm customers will save more than $115 million compared to AltaLink’s original application, the company added. Individual large industrial customers—customers requiring more than 60 MW of supply—will save $500,000 in 2015 and $1.3 million in 2016.