CALGARY, March 9, 2015 /CNW/ - FortisAlberta Inc., a wholly owned subsidiary of Fortis Inc. (TSX: FTS), has received a decision from the Alberta Utilities Commission (AUC) on its 2013-2015 Capital Tracker Application.
The Capital Tracker Application considered FortisAlberta's request for revenue associated with certain of its capital expenditures for 2013, 2014 and 2015 applied for under the Performance Based Regulation framework established by the AUC. FortisAlberta is further assessing the decision and will incorporate the findings of the decision in a compliance filing due April 14, 2015.
Further details of the decision can be found on the AUC website at www.auc.ab.ca.
As an owner and operator of more than 60 per cent of Alberta's total electric distribution network and more than 120,000 kilometres of power lines, FortisAlberta's focus is the safe and reliable delivery of electricity to its 530,000 customers in 200 growing communities across Alberta. FortisAlberta is a wholly owned indirect subsidiary of Fortis Inc., a leader in the North American electric and gas utility business, with total assets of more than $26 billion and fiscal 2014 revenue of approximately $5.4 billion. Its regulated utilities account for approximately 93 per cent of total assets and serve more than three million customers across Canada and in the United States and the Caribbean. Fortis owns non-regulated hydroelectric generation assets in Canada, Belize and Upstate New York. For more information, visit www.fortisinc.com or www.sedar.com.
For further information: Jennifer MacGowan, Director, Corporate Communications, FortisAlberta Inc., Tel: (403) 514-4079, www.fortisalberta.com, firstname.lastname@example.org