The Alberta Utilities Commission is giving ATCO Electric and commission investigators more time to negotiate a settlement over an alleged breach of regulations governing the industry.
Although the parties were to report to the commission Friday, they have now been given until March 4 to work out a deal.
Commission investigations have asked the agency for an enforcement hearing into its conclusions that ATCO Electric inflated a contract with a British Columbia First Nation in order win deals for another ATCO company.
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Investigators say it then tried to pass the $12-million overpayment on to Alberta consumers.
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They say company management was aware the arrangement was questionable and tried to cover its tracks.
ATCO has acknowledged it made mistakes and has offered a $16-million settlement.
In a letter to the commission, ATCO and the investigators say they’re discussing an agreed statement of facts and a potential penalty.
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