British Columbia Utilities Commission

Source: Wikipedia, the free encyclopedia.

The British Columbia Utilities Commission (BCUC) is an independent agency of the

crown corporation
responsible for insuring vehicles and operators in the province.

Apart from rates and services, the BCUC is also responsible for ensuring that

pipelines, and has responsibility for electric power transmission facilities and energy supply contracts. The BCUC also reviews energy-related matters referred to it by Cabinet
, which usually involve public hearings, followed by a report and recommendations to Cabinet.

With respect to ICBC, the Commission is responsible for ensuring that service to basic

automobile insurance
policyholders is adequate, efficient, just and reasonable, and that ICBC optional insurance is not subsidized by other ICBC operations.

The BCUC has quasi-judicial responsibilities, and may make legally binding rulings (subject to court appeal). It is governed by its enabling statute, the Utilities Commission Act, other legislation and regulations including the Administrative Tribunals Act, Pipeline Act, and — with respect to ICBC — provisions of the Insurance Corporation Act.

The BCUC works to maintain processes that are fair, transparent and inclusive. The BCUC values input from British Columbians, and is committed to issuing well-reasoned, evidence-based decisions.

In addition to its regulatory responsibilities, the Commission provides the following services and assistance:

The Commission has been self-funded since 1988. Its annual budget ranges from $4.6 to $4.7 million, with its costs recovered primarily through a levy on the energy utilities and pipelines companies that it regulates.

The BCUC describes its mission as follows: The BCUC's mission is to ensure that ratepayers receive safe, reliable and non-discriminatory energy services at fair rates from the utilities it regulates, and that shareholders of those utilities are afforded a reasonable opportunity to earn a fair return on their invested capital.

References

  1. ^ "Welcome to the British Columbia Utilties Commission - British Columbia Utilities Commission". www.bcuc.com.

External links