Page 2 - Balancing Pool News Today

Government introduced a bill Wednesday that aims to officially wind down the pool by 2030

Government introduced a bill Wednesday that aims to officially wind down the pool by 2030

Government introduced a bill Wednesday that aims to officially wind down the pool by 2030

Government introduced a bill Wednesday that aims to officially wind down the pool by 2030

Government introduced a bill Wednesday that aims to officially wind down the pool by 2030

Alberta wants to pull the plug on its electricity Balancing Pool, a one-time money-gushing feature of its power system that would end its life as a political quagmire and cash sinkhole.

Proposed changes would modernize Alberta’s electricity system to help keep electricity safe, reliable and affordable for the long term. 

Amid heavy criticism over soaring utility costs, Albertas UCP government is using a more-than-year-old report to lay the blame at the feet of the NDP opposition.

Alberta’s government hired Deloitte to conduct a review of the Balancing Pool’s finances and found the agency lost more than $1.34 billion from 2015-2019.

Adding jobs and health-care capacity while also addressing the rising cost-of-living will be the United Conservative Party government’s main priorities in the months ahead, according to Tuesday’s speech from the throne.