Thank you, Madam Chair. The Public Utilities Board is responsible for regulating utilities that, because of an absence of competition, really have a monopoly position, so it's the Public Utilities Board's job to make sure that the rates that they're charging are carefully considered and fair and provide a fair return on investment. I mean their job is really to play the role of a market, to make sure that the rates are fair and well considered. They don't regulate Superior Propane or Bluewave, where there is that competition and that free market available to set prices. It's really just where there isn't the free market available to set prices, because these utilities have to operate at such a scale that they're essentially monopolies. Thank you, Madam Chair.
Mr. Goldney on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on March 4th, 2020. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
March 4th, 2020
Page 493
Goldney
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