City of Chestermere News

Posted on: February 22, 2016

Council approves utility rate increases and continues CUI review

In the winter of 2015, the new CEO of Chestermere Utilities Incorporated (CUI) discovered an oversight in the way utility rates were being calculated and the company was facing a significant shortfall because the rates were not covering the actual costs to provide utility services.

In January, CUI brought forward a request to City Council to increase rates by 25% (approximately $30/month per household) to cover the current cost of services provided to Chestermere.

Council met at a special meeting, on February 18, 2016, and decided not to grant the 25% increase in rates as CUI requested but did approve a 15% increase on water and sewer and 25% on solid waste and storm water. This decision was made after extensive review and consultation as recommended by an independent third party regulatory utility consultant who reviewed CUI’s request.

Following the decision, Mayor Patricia Matthews explained, “Our decision to change the request for the rate increase took into account the impact on the residents of Chestermere and the recommendations from the third party consultant. This decision will assist CUI in covering the cost of providing services. We have also asked CUI to take additional measures to cut costs and improve efficiencies in order to make up any additional shortfall.”

In addition, Council will continue to provide increased scrutiny of the utility company in the form of quarterly financial reports (which will be made public), and regular updates to Council. Council has also communicated to CUI that they will need to find alternative ways to cover past shortfalls without rate increases.

In the coming months, Council will adopt a rigorous regulatory process, and will also evaluate the viability of CUI as a whole.

Updates and information will continue to be posted at www.chestermere.ca/cui.

www.chestermere.ca/cui
Facebook Twitter Google Plus Email

Other News in City of Chestermere News

new website2.PNG

Chestermere.ca has a new look!

Posted on: February 24, 2017

Be Active in 2017!

Posted on: January 10, 2017

2017 funding provided to community groups

Posted on: November 23, 2016

City Budget Meetings Conclude

Posted on: November 16, 2016
dont wait check the date.jpg

This week heats up for fire safety

Posted on: October 13, 2016

Preparing for seasonal rainfall

Posted on: July 14, 2016
stars of hope.PNG

Send a Star of HOPE to Fort McMurray

Posted on: July 12, 2016