Kelowna Electrical Utility Restructuring
The City of Kelowna’s electrical utility was transferred to FortisBC with the completed purchase of the City's electrical assets on March 29, 2013. The sale follows the successful completion of public approval processes by both the BC Utilities Commission (BCUC) and the City of Kelowna's alternative approval process.
FortisBC has operated and maintained the City's electrical utility assets for the past decade. The completion of this transaction will see FortisBC directly serve the 15,000 customers formerly in the City's utility.
Taxpayers will benefit from the long-term financial earnings resulting from the reinvestment of the proceeds and customers will receive safe and reliable electricity from an experienced owner and operator. This transaction provides benefits to new customers in the City of Kelowna and existing customers throughout FortisBC’s service territory by mitigating future rate increases and providing continuity of service in the Kelowna area.
The sale is complete however the City now needs to seek approval from the Inspector of Municipalities to reinvest the proceeds of sale which is anticipated to be primarily in FortisBC equity.
Customers formerly served by the City of Kelowna will continue to receive their bills as usual, but will move to FortisBC rates starting on March 30, 2013, visit the Utilities Billing page for more information. FortisBC anticipates transitioning City of Kelowna customers to its billing system in 2014. For further information on how to contact FortisBC with regards to the BCUC decision approving the transaction or on FortisBC, please visit fortisbc.com.
The following webpages provide historical information on all aspects of the electrical restructuring, including the proposed sale of utility assets, the alternative approval process, and related links.