Fortis seeks rate increases
FortisBC filed an application Oct. 1 with the British Columbia Utilities Commission to set customer electricity rates for 2011. The Company is requesting a general 5.9 per cent increase effective January 1, 2011.
The rate increase is required due to ongoing investment in electrical infrastructure and increasing power purchases driven by customer growth. If approved, the average residential customer consuming 1,000kWh per month may see an increase of about $5.70 per month.
“Over the last six years, FortisBC has made capital investments that have significantly improved electrical reliability and customer service. To continue to meet long term system requirements and customer needs, FortisBC must continue to invest in the electrical system in 2011,” said John Walker, FortisBC President and Chief Executive Officer.
FortisBC is sensitive to the resulting rise in energy costs and will continue to help customers manage their energy use through our PowerSense program. The PowerSense program provides customers both financial incentives and helpful advice on energy efficient technologies and practices that can reduce electrical bills. Information on FortisBC energy efficiency programs is available at www.fortisbc.com.
For more information on the revenue requirements application, call FortisBC’s toll free number at 1-866-4FORTIS (1-866-436-7847) or visit the website at www.fortisbc.com. Information on the regulatory process regarding the application is also available on the BCUC website at www.bcuc.com.