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ATCO Delivering Over $500 Million in Savings to Albertans: Undeterred by AUC Decision, ATCO Continues to Pursue Efficiency and Affordability for Customers
ATCO Delivering Over $500 Million in Savings to Albertans: Undeterred by AUC Decision, ATCO Conti...
About this update from Canadian Utilities Limited Class A
[{"type":"text","content":"\n\n\n\n ATCO Delivering Over $500 Million in Savings to Albertans: Undeterred by AUC Decision, ATCO Continues to Pursue Efficiency and Affordability for Customers\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY\n \n\n ,\n \n\n May 29, 2025\n \n\n /CNW/ -\n \n ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y)/Canadian Utilities Limited (TSX: CU)\n \n\n\n\n\n\n\n\n\n\n\n\n ATCO is extremely disappointed with yesterday's AUC decision regarding regulatory rules.  ATCO believes the AUC is now interpreting the rules differently than previously outlined.\n \n\n\n\n ATCO is the only Utility in\n \n Alberta\n \n to reduce distribution costs by 8 per cent and continues to drive affordability for Albertans along with regulatory fairness.\n \n\n\n\n ATCO is the only utility in\n \n Alberta\n \n to reduce distribution costs during the current five-year regulatory term and supported the PBR (Performance-Based Regulation) framework since its introduction. PBR incentivizes\n \n Alberta\n \n utilities to reduce costs while maintaining safe and reliable service and then share those cost savings with customers.\n \n\n ATCO is extremely disappointed with the position announced by the Alberta Utilities Commission (AUC) yesterday.\n \n\n ATCO has already been granted the right to appeal the AUC PBR 2 Reopener decision, and the matter will be heard in the\n \n Alberta\n \n Court of Appeal this October.\n \n\n \"ATCO operated within the PBR regulatory framework and is proud of the cost savings we have achieved for customers and for our business under PBR,\" said\n \n Jason Sharpe\n \n , Chief Operating Officer of ATCO Energy Systems. \"Our employees put the customer at the centre of our business, enabling ATCO to deliver more than\n \n $500 million\n \n in savings in distribution costs, which customers are already benefitting from over the 2023-2028 period.\"\n \n\n \"ATCO believes the rules that were established are now being interpreted and administered differently, after the fact,\" continued Mr. Sharpe. \"We will continue to advocate for a regulatory fra...