Through engagement, we sought to understand how stakeholders view the value they get from the money they spend on their utilities today. We also explored what level of investment stakeholders wanted to see in their utilities in the future, and the range of acceptable rate increases to fund these investments.
The rates put forward in our applications in February 2021 considered a range of factors, including revenue requirements to sustain operations and costs to enhance service and reliability.
That said, we recognize that the COVID-19 pandemic has profoundly disrupted economic and social life in our community. We believe that affordable and stable utility costs supports long-term economic recovery. Why we are proposing to introduce the Edmonton Economic Recovery Rebate, which discounts $66 million in Drainage rates, keeping more money in the pockets of all customers.