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In a close vote yesterday, City Council decided to transfer over the City’s Drainage Services to EPCOR. This was not an easy decision, partly because there was a lot of confusion around what this really means. Hopefully I can provide some clarity and insight here. Firstly, oversight and ownership of assets remain with the City… Read More
When we closed the downtown airport in 2009, we made a deal with Edmontonians to do something special with these lands located in the heart of our city. That promise was Blatchford. Today, City Council made a decision to further advance an important part of this development: how best to provide heat and hot water… Read More
A report arrived at Council today on how any future decisions would be made regarding the sale or transfer of major assets still in EPCOR that Edmontonians depend on. The report responded to a motion I put forward in the summer asking for this information. [Download the report here.] [Clarification added Oct 3: Just to… Read More
This post is a follow up to a previous post on the decision to spin off the power generating wing of EPCOR as the new Capital Power Corporation, and to authorize the sale of shares in that new company to the market. The proceeds of this sale of shares will be used by EPCOR to… Read More
A series of Council decisions stretching back to 1996 created the room, then closed the door behind which my colleagues and I, acting as EPCOR Shareholder representatives, came to the decision to authorize the restructuring. Changes in the regulatory and tax environment initiated by other governments also contributed to the decision.