Yukon Energy Corporation is taking an innovative approach to its proposed 2021 rate increase. If supported by the Yukon Utilities Board (YUB), the rate increase could end up increasing the average Yukon residential bill by about 70 cents a month — or less than the cost of a cup of coffee. “As a regulated utility, Yukoners pay what Yukon Energy pays to plan, build, operate and maintain Yukon’s power generation and transmission assets,” said Yukon Energy President and CEO Andrew Hall. “When significant investments are needed to meet growing demands for power, electricity rates must go up to help pay for those investments.” The corporation’s General Rate Application (GRA) outlines over $55 million in investments the Corporation expects to make between 2019 and 2021. It asks for an 11.5% rate increase in 2021. This equates to 3.8% a year between 2019 and 2021. The application also outlines a way the rate increase can be implemented so that the impact on Yukoners’ monthly bills is closer to 0%. “What we’re proposing is a “nearly 0” rate increase,” said Hall. “It’s a way for us to make the investments we need to replace aging assets and meet growing demands for electricity, while providing some bill stability for Yukoners, especially those on a fixed income.” “Our Board of Directors recognizes that paying more for electricity can be hard from some Yukoners, especially during the COVID pandemic. That’s why we’ve worked hard to find a way for the rate increase to have little impact on electricity bills.” The increase comes as Yukon Energy is faced with two major challenges. First, peak demands for electricity continues to grow. Between 2018 and 2020, peak demands for electricity increased by 17%. Yukon Energy expects peak demand to rise by another 40% by 2030. Second, Yukon’s electrical system is aging and requires repairs, upgrades and replacement. Supporting future growth will require refurbished infrastructure and investments in new renewable and reliability projects. With its legacy assets, the company finds itself in circumstances similar to that of homeowners. As their families grow, their original home may require an addition. And as the house itself ages, it requires major repairs like a new roof or furnace. “Our house is over 60 years old,” said Hall, “and it needs significant work, and an addition or two.” Yukon Energy’s proposal, subject to support from YUB, is to phase in the proposed 2021 rate increase when two other charges currently on electricity bills are planned for removal next year. If all goes according to plan, the first phase will be in July and the second in December of 2021. “Our ultimate aim is to make the investments needed to support future growth with renewable and reliable sources of electricity, while minimizing the impact to Yukoners’ monthly electricity bills.” Yukon Energy submitted its rate increase proposal to the Yukon Utilities Board on November 20, 2020. Yukoners may view Yukon Energy’s rate application, and register as an intervenor or interested party at yukonutilitiesboard.yk.ca. A public information session about this rate application is being planned for early 2021. Yukoners can visit https://yukonenergy.ca/customer-service/rates/2021-rate-application/ or follow Yukon Energy on Facebook or Twitter for more details. -30- Media Contact: Stephanie Cunha Manager, Communications 867-393-5333 firstname.lastname@example.org
Strong winds across Yukon are causing power outages in communities across the territory. Always assumed downed power lines are energized. If you see a downed or low-hanging power line, stay at least 10 meters back. UPDATE (3 p.m. Oct 27) Power was restored to all remaining areas affecting by yesterday's power outage at 2:40 p.m. this afternoon. Thank you for everyone's patience and support as we worked to restore power yesterday and today. With snow on the ground now and cooler temperatures on the horizon, yesterday’s wind storm is a great reminder that severe weather can cause prolonged power outages sometimes. Take some time over the next couple of weeks to build your 72-hour emergency kit. Make sure it has everything you need to take care of you and your family for 3 days. Visit the Government of Canada's website for ideas about what to include in your kit https://www.getprepared.gc.ca/cnt/rsrcs/pblctns/yprprdnssgd/index-en.aspx UPDATE (2 P.m. oct 27): Power was restored to the remainder of customers in South Fox shortly after 1:30 this afternoon. We've also been able to energize the transmission line between Whitehorse and Carmacks. The transmission line between Carmacks and Faro will be energized in the next couple of hours after we complete some system checks at the Carmacks substation. We're sorry for the delay and thank everyone for your patience and understanding as we work to get everyone back on. UPDATE (11 a.m. Oct 27): Power was restored to customers in Mendenhall at 9:30 this morning. Crews continue to remove trees like this from the transmission line between Whitehorse and Faro. At this time, crews are optimistic that power can be restored to customers in Drury Creek, Little Fox, Little Salmon and McGundy Creek between noon and 1 p.m. today. More updates to follow as they become available. Update (6 A.M. OCT 27): Yukon Energy crews were able to restore power to an additional 30 customers in Braeburn and South Fox before midnight last night by installing a mobile diesel generator in the communities. Approximately 95 customers in Drury Creek, Little Fox, Little Salmon, McGundy Creek, parts of Mendenhall, and a pocket of South Fox are still without power. Yukon Energy crews will fly-over the transmission line between Whitehorse and Faro at first light this morning and continue with repairs. Estimated time of restoration is still mid-day today. More updates to follow as they become available. UPDATE (9 p.m. Oct 26): High winds have caused multiple trees to land on the transmission line between Whitehorse and Carmacks, and Carmacks and Faro. With it being so dark and slick out now, crews will not be able to complete repairs to the transmission line before they hour out and must stop working. Customers in the following communities will unfortunately be without power until about mid-day Tuesday, October 27. Additional status updates will be provided in the morning. Areas affected by the power outage: Breaburn, South Fox, Little Fox, Drury Creek, McGundy Creek, Little Salmon and some parts of Mendenhall. UPDATE (7 p.m. Oct 26): Yukon Energy and ATCO Electric Yukon crews are working together to restore outages as quickly and safely as possible in communities experiencing a power outage. Your patience and understanding are appreciated.