BCUC Approves BC Hydro Rate Increases of 4% for F2017, 3.5% for F2018, and 3% for F2019 [Canadian Business Journal (Canada)]
Adams Natural Resources Fund, Inc. (PEO)
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Source: Canadian Business Journal
BCUC Approves BC Hydro Rate Increases of 4% for F2017, 3.5% for F2018, and 3% for F2019 VANCOUVER, British Columbia, March 01, 2018 (GLOBE NEWSWIRE) — The British Columbia Utilities Commission (BCUC) has issued its final decision approving BC Hydro rate increases of 4% effective April 1, 2016, 3.5% effective April 1, 2017, and 3% effective April 1, 2018. BC Hydro filed its Revenue Requirements Application on February 26, 2016 seeking, among other things, rate increases of 4% effective April 1, 2016, 3.5% effective April 1, 2017, and 3% effective April 1, 2018. The F2017 and F2018 increases were implemented as interim pending the BCUC’s public review process, and are now approved as final. BC Hydro filed an amended application on November 8, 2017, reducing its requested rate increase for April 1, 2018 from 3% to 0% after receiving a Government Mandate Letter, in which the Minister of Energy, Mines and Petroleum Resources outlined an expectation that BC H
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