By The Canadian Press

Alberta

Regulator increases penalties for ATCO after an attempt at overcharging

Apr 27, 2023 | 5:42 PM

An Alberta regulator has doubled the amount a provincial utility must refund to consumers after it attempted to overcharge them for costs it shouldn’t have incurred.

The Alberta Utilities Commission says ATCO Electric must refund up to $25 million instead of the $11 million the company had offered to pay.

The refunds are over costs that ATCO tried to recover from the construction of a power line through Jasper National Park.

The company illegally allowed a First Nations contractor to overcharge in the hopes it would bring revenue to another ATCO branch and then tried to hide the deal from regulators.

The costs the commission says ATCO must refund include $250,000 the company spent on the coverup.

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The refund is in addition to a $31-million fine levied on ATCO.

(The Canadian Press)