For the first half of the year, City staff, Council and CUI have been actively pursuing work that stemmed from the City’s 2016 Utilities Mandate and Rate Regulatory Review.
"Council looks forward to seeing the final pieces, which will be presented to us in a few months,” says Mayor Patricia Matthews. “We commend staff for working hard to reflect the community’s desires and the demands of Council as a regulator."
Key elements of this work have included:
Unanimous Shareholders Agreement (USA)
The Second Amended and Restated USA was presented to and approved by Council at the May 15 regular Council Meeting and signed on June 2.
The agreement aligns key considerations with the recently adopted Utilities Mandate, including changes to CUI’s Board (e.g., composition, responsibilities, compensation process).
“The revised USA clarifies key accountabilities for both the City as shareholder and the CUI Board, which contributes to enabling CUI to provide quality services to residents,” says Chen Peng, Corporate Strategy Officer.
For further details, the full agreement is available on the City’s website.
Utility rate setting process
Since January, the City has been drafting a Policy for future utility rate applications. Once the draft is complete, staff will present it to Council for their input and approval.
The Policy will focus on two key areas: financial reporting and rate application requirements. It will also describe a review committee and membership composition, focused on members with relevant skills.
“As it was for 2017 rates, the new process will ensure future utility rate requests are scrutinized before any decisions are made,” says Mayor Matthews. “Staff, the new Council and community members will be given opportunities to evaluate and provide feedback using the new rate setting and engagement processes, which will align with Alberta Utilities Commission principles.”
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