Yellowknife residents will be getting a lighter power bill next month, after Northland Utilities netted higher revenues than projected, said the territorial regulator on Monday.
"Last year, they earned 13 per cent and they were approved for 8.5 per cent," said NWT Public Utilities Board chairman Gordon Van Tighem Monday.
"So they pay it back by reducing the rate by 1.8 per cent a month."
The reduction comes after a ruling made by PUB on Sept. 26.
Van Tighem said that because there was a gap between what occurred and what was predicted, the utility now must re-justify rates, meaning prices will be re-evaluated in the coming year.
