FortisBC announced today that it has filed an application for a Certificate of Public Convenience and Necessity (CPCN) with the British Columbia Utilities Commission (BCUC) to purchase the City of Kelowna’s electric utility assets for $55 million.
Recently, the City of Kelowna received the approval of Kelowna's electors through an alternative approval process, which took place from September 26 to October 26 and included two community open houses. During that process, less than 0.1 per cent of electors chose to object to the sale of the electrical utility assets.
FortisBC has been operating the City’s utility since 2000 and is well positioned to continue to meet customers’ energy needs into the future.
The British Columbia Utilities Commission will establish a schedule for the regulatory process. Interested individuals are encouraged to visit the BCUC website at www.bcuc.com or www.fortisbc.com for more information.