Squares

Weather

Wednesday, October 7, 2015

Pincher Creek gas and electricity franchise fees to remain the same in 2016


Toni Lucas

At their September 28 meeting council for the town of Pincher Creek agreed to keep the natural gas distribution franchise fee at 25% and the Fortis Alberta franchise fee at 13% going into 2016.  Councillor Jim Litkowski asked if the percentages for Pincher Creek were comparative to other municipalities in the area. Councillor Lorne Jackson replied "In comparison to other communities around us, we are not out of whack.  We are about middle of the road."  The maximum gas distribution franchise fee that a municipality can charge is 35%, while the maximum electric distribution franchise fee that the Town can charge is 20%.

The estimated AltaGas franchise fee for 2016 is expected to be $419,342.13 at 25%.

The estimated FortisAlberta franchise fee for 2016 is expected to be $323,394.00 at 13%.

No comments:

Post a Comment

Thanks for taking the time to comment. Comments are moderated before being published. Please be civil.

Infinite Scroll