In early August, the City asked for interested members of the public to provide expertise to Council (in its role as utility regulator) by serving as members of the City of Chestermere Rate Application Committee.
Several interviews were conducted with qualified candidates and on September 18, Malcolm Cox, Brad Krizan and Kay Leyde were appointed to supplement the three Council members who sit on the committee. One of the public committee members is a long time resident.
“We are very excited about the vast cross-section of skills that these committee members bring,” said Brenda Hewko, Controller for the City. “These individuals have a wide range of board experience in utility rate setting modeling, planning and development, engineering, and wastewater facilities, and they will be a great help in providing effective oversight of CUI.”
The creation of the committee came last year after a thorough review of the utility company’s rate regularly framework and oversight processes. Following the recommendations of a third party consultant, the City overhauled the Utilities Mandate, drafted a comprehensive operational agreement, created a robust Rate Regulatory Framework that mirrors the process of the Alberta Utilities Commission, and established the Rate Application Committee.
The committee will have three tasks: to review the company’s audited financial statements, review quarterly key performance indicators of the company and review any rate adjustment applications. They will meet at minimum on a quarterly basis.
For more information on the City’s role as CUI’s regulator, visit www.chestermere.ca/cui.