Business Planning and Financial Reporting
Recent materials posted
- June 15: 2022 BRP | Engagement Schedule, Process Overview, Terms of Reference
Our Year in Review, budget and financial reports
We plan, consult and report on our operations to advance the province’s electricity system and bring value to Albertans. Our stakeholders have a voice in our planning and ongoing activities. We’re transparent and accountable for our business initiatives and spending, and demonstrate that in our reporting and governance.
Annual reporting
Business plan and budget
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2022
The AESO is providing notice to interested stakeholders of the commencement of its 2022 Budget Review Process (BRP), which will be used to establish the AESO’s business plan and budget for 2022.
Purpose
The purpose of the BRP is to:
- Provide the AESO’s coming year’s transmission operating forecasts;
- Consult on the AESO’s business initiatives and own costs budget proposed for the coming year;
- Provide transparency and meaningfully engage with stakeholders; and
- Ensure the AESO Board is succinctly informed of the following to assist them in formalizing their Board Decision:
- The consideration and assessment of stakeholder feedback received throughout the process
- The AESO’s proposed budget and forecasts for the coming year
Materials
- Schedule | 2022 BRP Engagement Schedule [Posted: June 15, 2021]
- Process | 2022 BRP Process Overview [Posted: June 15, 2021]
- TOR | 2022 BRP Terms of Reference (TOR) [Posted: June 15, 2021]
If you have any other questions, please contact karen.campbell@aeso.ca and subscribe to our stakeholder newsletter for updates.
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2021
2021 AESO Board Decision
The AESO Board has approved the 2021 Business Plan and Budget Proposal. Please click here to view the AESO Board Decision.
The AESO wants to take this opportunity to thank stakeholders for their involvement, contribution and engaged dialogue in the 2021 Budget Review Process (BRP) engagement process. We appreciate and value the time and effort you have taken to prepare for and attend the sessions and provide detailed written feedback sharing your thoughts, insights and expertise. Your participation has helped the AESO to better understand your perspectives and aided us in developing the 2021 Business Plan and Budget.
2021 Business Plan and Budget Proposal
We value stakeholder feedback and we thank you for sharing your perspectives with us. Please click here to view the AESO's 2021 Business Plan and Budget Proposal (“Proposal”). This Proposal was presented to the AESO Board for their review.
On Nov. 18, 2020 those stakeholders who indicated their interest presented to the AESO Board on issues of disagreement or concern based on comments submitted in one of the earlier steps. The AESO Board considered stakeholder presentations and comments and the AESO replies to comments in its approval process of the Proposal. Please click here to view the AESO's replies to stakeholder comments received during stakeholder presentations to the AESO Board on Nov. 18, 2020. .
Stakeholder presentations
Stakeholder presentations to the AESO Board [Posted: Nov. 16, 2020]
- Alberta Direct Connect Consumers Association
- Greengate Power Corporation
- Independent Power Producers Society of Alberta
- Industrial Power Consumers Association of Alberta
Oct 1. 2020 Preliminary Forecast and Budget Session
Purpose of this session
The purpose of the session is to present and discuss the AESO’s 2021 preliminary forecast and budget information, including:
- Ancillary Services and Transmission Line Loss Cost Forecasts, and
- AESO Own Cost Budgets
Stakeholder feedback
We value stakeholder feedback and we thank you for sharing your perspectives with us. Please click here to view the AESO's replies to written feedback received on the Preliminary Forecast and Budget Session and the Proposed Business Initiatives Session 2.
Sept. 21, 2020 Proposed Business Initiatives Session 2
Purpose of this session
The purpose of the session is to:
- Present stakeholder input provided after Session 1
- Present and discuss AESO’s consideration of stakeholder feedback and plans for 2021
Stakeholder feedback
We value stakeholder feedback and we thank you for sharing your perspectives with us. Please click here to view the AESO's replies to written feedback received on the Preliminary Forecast and Budget Session and the Proposed Business Initiatives Session 2.
Aug. 11, 2020 Proposed Business Initiatives Session 1
Purpose of this session
The purpose of the session is to:
- Review the 2021 Budget Review Process (BRP)
- Present status updates on 2020 business initiatives
- Present, discuss and obtain stakeholder input on proposed 2021 business initiatives as identified by the AESO
Stakeholder feedback
We value stakeholder feedback and we thank you for sharing your perspectives with us. Please click here to view the AESO's replies to written feedback received on Session 1 and the Proposed Business Initiatives.
Invitation and process materials
Purpose
The AESO commenced its 2021 BRP by extending an invitation to stakeholders who have an interest in participating in the BRP; this process and feedback received will be used to establish the AESO’s business plan and budget for 2021. Stakeholders were asked to provide their feedback on the 2021 BRP Terms of Reference, Process Steps, and Calendar and Schedule (“Process Materials”).
The intent of this BRP is to:
- Provide the AESO’s 2021 forecasts of Transmission Line Losses and Ancillary Services Costs;
- Consult on the Business Initiatives and Own Costs proposed for 2021; and
- Ensure the AESO Board is succinctly informed of the following to assist them in formalizing their Board Decision:
- The consideration and assessment of stakeholder feedback received throughout the process
- The AESO’s proposed budget and forecasts for 2021.
Stakeholder feedback
We value stakeholder feedback and we thank you for sharing your perspectives with us. Stakeholders were supportive of the 2021 BRP Process Materials. Please click here to view the AESO's replies to written feedback on Invitation and Process Materials.
2021 BRP materials
- AESO Board Decision 2021-BRP [Posted: Jan. 15, 2021]
- AESO Replies to Stakeholder Comments Received During AESO Board Meeting [Posted: Jan. 15, 2021]
- 2021 Business Plan and Budget Proposal [Posted: Oct. 29, 2020]
- AESO Replies to Stakeholder Comments on Proposed Business Initiatives, Forecast and Budget [Posted: Oct. 29, 2020]
- Stakeholder Comment Matrix 2021 BRP Forecast, Budget and Business Initiatives [Posted: Oct. 1, 2020]
- Preliminary Forecast and Budget Session Webinar Recording [Posted: Oct. 2, 2020]
- Preliminary Forecast and Budget Session Presentation [Updated: Oct. 7, 2020]
- Supplementary 2021 Forecast Information Reference Material [Posted: Sept. 24, 2020]
- Proposed Business Initiatives Session 2 Webinar Recording [Posted: Sept 22, 2020]
- Proposed Business Initiatives Session 2 Presentation [Posted: Sept. 14, 2020]
- AESO Replies to Stakeholder Comments on Session 1 and the Proposed Business Initiatives [Posted: Sept. 14. 2020]
- Stakeholder Comment Matrix 2021 BRP Proposed Business Initiatives [Posted: Aug. 11, 2020]
- Proposed Business Initiatives Session 1 Webinar Recording [Posted: Aug. 11, 2020]
- Proposed Business Initiatives Session 1 Presentation [Updated: August 11, 2020]
- AESO Replies to Stakeholder Comments on Invitation and Process Materials [Posted: July 31. 2020]
- Zoom Instructions [Posted: July 23, 2020]
- Terms of Reference [Posted: July 7, 2020]
- Process Steps Overview [Posted: July 7, 2020]
- Calendar and Schedule [Posted: July 7, 2020]
- Stakeholder Comment Matrix 2021 BRP Invitation and Process Materials [Posted: July 7, 2020]
If you have any other questions, please contact karen.campbell@aeso.ca and subscribe to our stakeholder newsletter for updates.
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2020
2020 AESO Board Decision Document
Stakeholder Comments and AESO Replies Matrix – 2020 Business Plan and Budget Proposal
2020 Business Plan and Budget Proposal
2020 BRP Stakeholder Comments Matrix (Forecasts and Own Costs)
Supplementary 2020 Forecast Information
Stakeholder Meeting - Budget Information 2020
2020 BRP Stakeholder Comments - Matrix and AESO Response
Invitation to Stakeholders – Budget Review Process Stakeholder Meeting
2020 BRP Stakeholder Comments Matrix (Business Initiatives)
Budget Review Process Stakeholder Meeting
2020 BRP Stakeholder Comments Matrix Responses
Invitation to Stakeholders - AESO 2020 Budget Review Process
2020 BRP Proposed Terms of Reference
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2019
Stakeholder Comments and AESO Replies Matrix - 2019 Business Plan and Budget Proposal
IPCAA - Response to AESO Budget
ADC - Presentation to AESO Board
2019 Business Plan and Budget Proposal
Stakeholder Response Matrix - Business Initiatives 2019 Budget Review Process Meeting
Stakeholder Comments Matrix 2019 Forecasts and Own Costs
Supplementary 2019 Forecast and Budget Reference Document
Stakeholder Meeting - Business Plan and Budget Information
Invitation to Stakeholders - Budget Review Process Stakeholder Meeting
2019 Budget Review Process (BRP) Proposed Business Initiatives Presentation
2019 Budget Review Process (BRP) Proposed Business Initiatives Comment Matrix
Budget Review Process Stakeholder Meeting
Stakeholder Comment and AESO Replies Matrix – 2019 Budget Review Process
Invitation to Stakeholders - AESO 2019 Budget Review Process
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2018
AESO Board Decision Amended 2018 General and Administrative Budget [Posted: April 30, 2018]
Stakeholder Comments and AESO Replies Matrix - Abbreviated BRP - 2018 General & Administrative Budget Amendment [Posted: February 14, 2018]
2018 Amended General and Administrative Budget Information [Posted: January 25, 2018]
Stakeholder comment matrix - Abbreviated BRP - 2018 General & Administrative Budget Amendment [Posted: January 25, 2018]
Abbreviated BRP - 2018 General & Administrative Budget Amendment [Posted: December 19, 2017]
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2017-2018
AESO Board Decision Document [Posted: August 8, 2017]
Responses to Stakeholder Comments on the AESO 2017-2018 Business Plan and Budget Proposal [Posted: August 8, 2017]
2017-2018 BRP - IPPCA Presentation to the AESO Board [Posted: June 5, 2017]
2017-2018 BRP - ADC Presentation to the AESO Board [Posted: June 5, 2017]
AESO 2017-2018 Business Plan and Budget Proposal [Posted: May 30, 2017]
Stakeholder Comments Matrix 2017-2018 Forecast and Own Costs [Posted: May 2, 2017]
AESO Response to Stakeholder Comments on the 2017-18 BRP Business Initiatives [Posted: April 28, 2017]
Budget Review Process Stakeholder Technical Meeting - AESO’s 2017-18 Transmission Operating Costs Forecasts and Preliminary Own Costs Budget [Posted: April 27, 2017]
AESO’s 2017-18 Transmission Operating Costs Forecasts and Preliminary Own Costs Budget - Presentation [Posted: April 27, 2017]
Supplementary 2018 Forecast Information [Posted: April 27, 2017]
2017-18 BRP stakeholder comment matrix Business Initiatives Review Meeting April 10, 2017 [Posted April 10, 2017]
April 10, 2017 BRP meeting agenda and presentation – preliminary list of business initiatives [Posted: April 5, 2017]
Budget Review Process stakeholder meeting invitation [Posted: April 4, 2017]
AESO Response to Stakeholder Comments on the 2017-18 Budget Review Process Invitation [Posted: March 30, 2017]
Invitation to Stakeholders: 2017-2018 Budget Review Process [Posted: March 8, 2017]
- 2017-2018 BRP proposed overview[Posted: March 8, 2017]
- 2017-2018 BRP proposed consultation calendar[Posted: March 8, 2017]
- 2017-2018 BRP proposed terms of reference[Posted: March 8, 2017]
- 2017-2018 BRP stakeholder comment matrix[Posted: March 8, 2017]
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2017
- AESO Board Decision Document
[Posted: January 31, 2017]
- Responses to stakeholder comments on the AESO 2017 Business Plan and Budget Proposal
[Posted: December 2, 2016] -
Stakeholder Comment Matrix – 2017 Business Plan and Budget Proposal
[Posted: November 8, 2016]
- AESO's 2017 Business Plan and Budget Proposal
[Posted: November 7, 2016]
- Responses to stakeholder comments on 2017 Business Plan and BRP summary presentation
[Posted: November 1, 2016]
- Letter to stakeholders BRP written consultation
[Posted: October 13, 2016]
- AESO amended Budget Review Process Update
[Posted: September 28, 2016]
- Notice - Change to the AESO's 2017 Budget Review Process
[Posted: September 13, 2016]
- Invitation to Stakeholders - 2017 Budget Review Process
[Posted: July 21, 2016]
- AESO Board Decision Document
Quarterly financial reporting
Transparency reporting
We are committed to transparency and accountability on our executive and board expenses. View monthly expense reports here:
- AESO Business Expense and Travel Policy[Posted: November 30, 2016]
- 2020 transparency reporting
- 2019 transparency reporting
- 2018 transparency reporting
- 2017 transparency reporting
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2016 transparency reporting
- 2016 - November / December Expense Summary[Posted: February 1, 2017]
- 2016 - September / October Expense Summary[Posted: November 30, 2016]
- 2016 - July / August Expense Summary[Posted: September 29, 2016]
- 2016 - May / June Expense Summary[Posted: July 26, 2016]
- 2016 - March / April Expense Summary[Posted: May 31, 2016]
- 2016 - January / February Expense Summary[Posted: April 11, 2016]
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2015 transparency reporting
- 2015 - November / December Expense Summary[Posted: January 29, 2016]
- 2015 - September / October Expense Summary[Posted: December 4, 2015]
- 2015 - July / August Expense Summary[Posted: September 30, 2015]
- 2015 - May / June Expense Summary[Posted: September 21, 2015]
- 2015 - March / April Expense Summary[Posted: May 29, 2015]
- 2015 - January / February Expense Summary[Posted: March 31, 2015]
PSCTA Disclosure
What is included
The Public Sector Compensation Transparency Act requires all public sector bodies (agencies, boards and commissions) to post online the compensation paid to all board members and the compensation paid to employees who, in the calendar year 2017, earned more than $127,765. The threshold for disclosure was $125,000 in 2015 and $126,375 for 2016. The earnings provided include many other factors in addition to base salary such as employer contributions to benefits and savings programs, monetary performance rewards, vacation payouts, and any other taxable benefits or cash payments.
The AESO does not have a defined benefit pension plan (for example, Management Employee Pension Plan or Supplemental Retirement Plan). The exclusion of these compensation programs eliminates future liabilities to the organization and reduces AESO costs.
How the AESO is funded
The AESO is not funded by tax payers and the Alberta government — all AESO costs, including salaries, are funded by industry participants. The AESO’s budget is governed through a transparent public process, called the Budget Review Process.
Questions regarding this disclosure list should be directed stakeholder.relations@aeso.ca.
