In re FortisBC Energy Utilities: 2012-2013 Revenue Requirements and Rates

FortisBC Energy Utilities (FEU) applied for approval of its 2012-2013 Revenue Requirements, including $64.5 million for Energy Efficiency and Conservation expenditures. The Application was filed and reviewed during a period of significant and continuing change in terms of BC Government Energy Policy and Regulation with respect to the Clean Energy Act. A portion of the funds requested were for the purpose of meeting British Columbia’s energy objectives through the reduction of greenhouse gas emissions. BC policy relevant to FEU’s funding requests were the 2007 Greenhouse Gas Reduction Targets Act and the 2008 Carbon Tax Act. While not approving all of the requests of the FEU, the Commission Panel has approved much of what has been applied for. The Commission determined, in particular, that ratepayer cost should not be mitigated for planned alternative energy sources which are not implemented.