AltaLink Keeps Its Rates Under 2018 Levels for a Seventh Consecutive Year
For the seventh straight year, AltaLink kept its rates below the 2018 level, delivering value to Albertans while maintaining strong operational performance. By keeping AltaLink’s rates flat, the company saved Albertans approximately $900 million compared to if rates had followed inflation from 2019 to 2025.
“In 2018, we made a commitment to keep our rates flat for five years. We’re proud to have extended our commitment to seven years, keeping our rates below 2018 levels and providing excellent value for our customers,” said Gary Hart, AltaLink President and Chief Executive Officer. “The AltaLink team does an amazing job finding efficiency opportunities to offset inflation while keeping the system reliable for every Albertan.”
AltaLink is the only regulated utility in Alberta to have kept its revenue requirement below 2018 levels for the last seven years.
AltaLink delivers outstanding 2025 safety performance
During 2025, AltaLink employees demonstrated their commitment to keeping each other, and the public, safe with industry-leading safety performance. AltaLink’s field crews, often working in challenging conditions, completed the year without a medical aid incident. AltaLink employees also drove more than 3.5 million kilometres in 2025 without a preventable vehicle accident.
“Working safely is a fundamental principle of everything we do at AltaLink,” said Mr. Hart. “Our employees show that commitment every day to ensure their teammates go home safe to their families. I’m so proud to be part of this team.”
AltaLink announces 2025 full year financial results
Today, AltaLink, L.P. announced comprehensive income of $90.2 million for the three months ended December 31, 2025, compared to $79.9 million for the same quarter in 2024, an increase of $10.3 million. The change is primarily due to gains on land sales and an actuarial gain, partially offset by decreased income from lower equity returns on rate base in 2025 mainly due to a lower approved return on equity of 8.97% in 2025 versus 9.28% in 2024.
Our comprehensive income for the year ended December 31, 2025, increased by $3.7 million compared to 2024. The change is primarily due to one-time revenue, gains on sale of land and an actuarial gain, partially offset by decreased income from a lower approved return on equity of 8.97% in 2025 versus 9.28% in 2024.
For the three months ended December 31, 2025, our revenue from operations was $264.8 million, an increase of $8.6 million compared to the same period in 2024. The change is primarily due to a higher recovery of other allowable costs of transmission services in 2025, partially offset by lower equity returns on rate base in 2025 mainly due to a lower approved return on equity of 8.97% in 2025 versus 9.28% in 2024.
For the year ended December 31, 2025, our revenue from operations decreased by $15.6 million compared to 2024. The change is primarily due to higher revenue in 2024 related to the recovery of 2023 wildfire restoration costs through AltaLink’s self-insurance reserve account as approved by the AUC on July 31, 2024, and lower equity returns on rate base in 2025 mainly due to a lower approved return on equity of 8.97% in 2025 versus 9.28% in 2024, partially offset by a higher recovery of other allowable costs of transmission services in 2025.
As a partnership, AltaLink, L.P. reports its net income before income taxes; therefore, its results are not directly comparable with net income reported by corporations that recognize income taxes in their financial statements.
Headquartered in Calgary, with offices in Edmonton, Red Deer and Lethbridge, AltaLink is Alberta’s largest electricity transmission provider, with approximately 13,400 kilometres of transmission lines and more than 310 substations. AltaLink is partnering with its customers to provide innovative solutions to meet the province’s demand for reliable and affordable energy.
