Ruling means ATCO must double refund to customers after overcharging

An Alberta regulator has doubled the quantity a provincial utility firm should refund to shoppers after it tried to overcharge them for prices it should not have incurred.

The Alberta Utilities Fee says ATCO Electrical should repay as much as $25 million as an alternative of the $11 million the corporate supplied to pay.

The refunds are greater than prices ATCO tried to recuperate from constructing an influence line by Jasper Nationwide Park.

The corporate illegally allowed a First Nations contractor to overpay in hopes it will deliver income to a different ATCO department after which tried to cover the deal from regulators.

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The prices the fee says ATCO should repay embrace $250,000 the corporate spent on the cover-up.

The refund is along with a $31 million penalty levied on ATCO.

Nancy Southern, chairman of ATCO, apologized to shareholders for the breach.

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