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ANDY WALKER: P.E.I. premier ready to act on reporting IRAC

P.E.I. Premier Rob Lantz wasted little time following the release of an interim report on the future of the Island Regulatory and Appeals Commission (IRAC) before promising change is coming to operation of the regulatory body.

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Created back in 1991 by the merger of three agencies, IRAC impacts lives of every Islander every day. The commission decides what you pay to fill you gas tank, keep the lights on, what your water and sewer rates are, and how much your rent can increase. That is just the tip of the iceberg. It will also decide any planning appeals, rental disputes and monitor land ownership and limits. In total, it is charged with administering 29 provincial laws.

By any yardstick, that is a heavy workload. Earlier this year, Lantz appointed Rory Francis, a former deputy minister, to head a review of the commission’s operation. He filed an interim report in late September with the final report following after a two week consultation period.

Its major recommendation is to split the commission in two — a P.E.I. energy and utilities board would look after electricity, gasoline and diesel prices and hear applications from municipalities to set water and sewer rates. The........

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