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ARTICLE · 02 JULY 2020

BCUC Approves FortisBC Energy's Clean Growth Innovation Fund

Aird & Berlis LLP
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On June 22, 2020, FortisBC Energy Inc.'s application for a $24.5 million ratepayer funded Clean Growth Innovation Fund was approved by the British Columbia Utilities Commission (BCUC)

CanadaEnergy and Natural Resources
David Stevens
David Stevens
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On June 22, 2020, FortisBC Energy Inc.'s application for a $24.5 million ratepayer funded Clean Growth Innovation Fund was approved by the British Columbia Utilities Commission (BCUC) as part of FortisBC's rate application. The Clean Growth Innovation Fund allows the natural gas utility company to invest regulated capital in renewable gas innovation projects with a focus on decarbonization.

FortisBC Energy Inc. (a natural gas utility company) and FortisBC Inc. (an integrated electricity utility company) filed a joint application to the BCUC on March 11, 2019 to approve rate plans from 2020 until 2024. The detailed application advanced numerous requests, including a proposal for a Clean Growth Innovation Fund for both FortisBC Energy Inc. and FortisBC Inc.

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