A prominent Alberta company has agreed to pay $3 million in fines for misleading the province’s utilities watchdog about its costs in two separate projects.

ATCO Electric has also agreed to refund $4 million in recompense for unearned rate increases, a deal that now goes before the Alberta Utilities Commission for approval.

“ATCO Electric admits that it has contravened the Electric Utilities Act,” says an agreed statement of facts released by the commission.

A prominent Alberta company has agreed to pay $3 million in fines for misleading the province’s utilities watchdog about its costs in two separate projects.{ai:summary}<p>ATCO Electric faces hefty fines for deceit on project costs and unearned rate increases, owning up to violating the Electric Utilities Act in Alberta. #economy</p>

ATCO Electric fined $3 million for unearned rate increases, overstating its costs

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