2009 Deferral Account Reconciliation

Section 14 of the Electric Utilities Act requires that "on an annual basis, no profit or loss results from its [the AESO's] operation."  As a result, any variances arising between the actual costs the AESO incurs and the forecast amounts recovered in rates are refunded to or recovered from market participants by the use of deferral accounts. In 2010 the AESO will be filing a comprehensive deferral account reconciliation application for 2009 with the Alberta Utilities Commission. The application will also include second or third deferral account reconciliations for 2004-2008. The application will be reviewed and approved through a regulatory proceeding in accordance with a schedule set by the Commission.