Kelowna Capital News

Fortis starts city electric utility buy process

FortisBC announced today that it has filed an application for a Certificate of Public Convenience and Necessity with the British Columbia Utilities Commission 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 Sept. 26 to Oct. 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 city council felt the utility was well positioned to continue to meet local customers’ energy needs into the future.

The British Columbia Utilities Commission will establish a schedule for the regulatory process to be carried out.

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

OKM 10s take KSS junior tourney
 
A look at 10 memorable Canadian sports stories
 
Senators release Lazar to play for Canada
Okanagan Rockets prep for rival Giants
 
Chiefs blank first-place Coyotes
 
Kelowna speed skaters set PBs
Sentencing today for woman who helped ducks
 
Suspicious activity reported at Safeway
 
Camera-toting witness helps Penticton police

Community Events, December 2014

Add an Event


Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Dec 17 edition online now. Browse the archives.