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This year, and for the next ten years, franchise fees will be used to make the payments for borrowing for the new RCMP building. With the franchise fees revenues, the City will be able to have a 10 year loan on the new RCMP building instead of a 20 year loan. This will save residents approximately $1.4 Million in interest because a lower borrowing rate was available for a 10 term and because of the shortened borrowing timeframe.
The costs for delivery of energy (electric and gas) to your home or business is approved by the Alberta Utilities Commission who ensures that appropriate pricing is in place for the transmission and distribution services you used (the wires and the pipes). In Alberta, you purchase power (electrical and gas) from a utility retailer who uses the available infrastructure (in the case of Chestermere delivered from either ATCO or FORTIS) to deliver energy products to your home/business.
Utility Retailers sell energy to households/businesses and are responsible for invoicing the household for products used.
For a list of utility retailers/distributors in Chestermere, please visit our Utility Services Providers page.