AltaLink's Proposal to Save Albertans $520 Million by 2019 Approved

CALGARY, ALBERTA--(Marketwired - May 19, 2016) - AltaLink's proposal to save Albertans millions of dollars was approved by the Alberta Utilities Commission (AUC) on Monday, May 9, 2016. The savings, which will total approximately $520 million over a four-year period, apply to all Albertans:

• Residential customers: $92.7 million in savings
• Farm customers: $17.6 million in savings
• Commercial customers: $141.9 million in savings
• Industrial customers: $267.7 million in savings

"We know our customers and all Albertans are hurting during these economic times," said Scott Thon, president and chief executive officer of AltaLink. "Our proposal keeps money in the hands of Albertans to invest in their homes, farms and businesses."

AltaLink is Alberta's largest electric transmission company, and provides transmission service to approximately 85 per cent of the province's population. Albertans pay for AltaLink's services through a portion of the transmission delivery charge on their electric bills. In addition to the approximately $360 million in approved savings for 2015 and 2016, AltaLink has applied for an additional $160 million more in 2017 and 2018, which would be transferred to customers.

Supported by its owner, Berkshire Hathaway Energy, AltaLink's rate relief proposal for customers was approved as part of its 2015-16 General Tariff Application (GTA). The GTA outlines AltaLink's capital and operating expense requirements to safely and reliably run and finance its transmission system on behalf of its customers.

Headquartered in Calgary, with offices in Edmonton, Red Deer and Lethbridge, AltaLink is Alberta's largest electricity transmission provider. We are committed to meeting the province's demand for electricity, providing innovative solutions, and partnering with our stakeholders and communities in doing so. A wholly-owned subsidiary of Berkshire Hathaway Energy, AltaLink is part of a global group of companies delivering electricity and utility services to customers worldwide.