Edmonton economic recovery rebate:
$66 million discount
The COVID-19 pandemic has profoundly disrupted economic and social life in our community, and around the world. At EPCOR, we believe that affordable and stable utility costs can be an important contributor to long-term economic recovery. Our PBR application proposes to discount utility costs by $66 million from 2022 to 2024, keeping more money in the pockets of Edmonton's utility customers.
The Edmonton Economic Recovery Rebate is built into the proposed Drainage utility rates. EPCOR is proposing to discount the return earned on equity invested in the Drainage utility by 4.45% in 2022, 3.34% in 2023, and 2.22% in 2024. This discount will reduce total utility costs by $28 million in 2022, $22 million in 2023, and $16 million in 2024.