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FortisBC files application to transfer City of Kelowna’s electrical utility assets

November 14, 2012

​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.

Media contact:

Joyce Wagenaar
Director, Communications
FortisBC
Phone: 604-785-8946
Email: joyce.wagenaar@fortisbc.com
fortisbc.com 
twitter.com/FortisBC
youtube.com/FortisBC

FortisBC is a regulated utility focused on providing safe and reliable energy, including natural gas, electricity, propane and thermal energy solutions. FortisBC employs more than 2,300 British Columbians and serves approximately 1.1 million customers in more than 135 B.C. communities. FortisBC is indirectly wholly owned by Fortis Inc., the largest investor-owned distribution utility in Canada. FortisBC owns and operates four regulated hydroelectric generating plants, approximately 7,000 kilometres of transmission and distribution power lines and approximately 47,000 kilometres of natural gas transmission and distribution pipelines. FortisBC Inc., FortisBC Energy Inc., FortisBC Energy (Vancouver Island) Inc., and FortisBC Energy (Whistler) Inc. do business as FortisBC. Fortis Inc. shares are listed on the Toronto Stock Exchange and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com or www.sedar.com.

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