ATCO to Deliver Over $500 Million in Savings Despite AUC Ruling, Vows to Maintain Affordability and Efficiency for Albertans

ATCO Ltd. and its subsidiary Canadian Utilities Limited announced their continued commitment to reducing energy distribution costs in Alberta, despite a recent decision by the Alberta Utilities Commission (AUC) that the company strongly disputes. ATCO emphasized it is the only utility in Alberta to reduce distribution rates—by 8%—during the current regulatory term (2023–2028), resulting in over $500 million in savings for customers.

The disagreement stems from an AUC ruling related to ATCO’s ability to document efficiency gains under the province’s Performance-Based Regulation (PBR) framework. ATCO has been granted leave to appeal the AUC’s 2024 decision and the case will be heard in October 2025. The company argues that the AUC is now retroactively interpreting rules differently.

ATCO remains firm in advocating for a stable regulatory framework, highlighting its historic support for PBR and its success in reducing costs while maintaining reliable service. The company continues to serve Alberta’s energy needs with a long-term vision focused on affordability, innovation, and operational excellence.