Red Deer city council to consider reccomendations in electric utility transition to MCC

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When council approved the motion last year, the city stated the transition to an MCC from the current electric utility was expected to be fully set up by 2028.

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Red Deer city council to consider reccomendations in electric utility transition to MCC

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Since then, administration has been working through the requirements set out in Alberta’s Municipal Government Act and Business Corporations Act to establish the MCC.

Council has also participated in a series of Committee of the Whole meetings focused on governance, shareholder responsibilities and the development of the governance framework that will guide the future corporation.

Per the City, if approved, council would:

• Adopt a Unanimous Shareholders Agreement (USA), the foundational governance document that defines the relationship between The City as shareholder and the future corporation.
• Adopt Articles of Incorporation required to establish the corporate structure.
• Appoint interim directors who will serve as signatories during the interim phase of implementation.

Most importantly, if approved, the corporation would be established; but it would not yet have assets, employees, budget, or operational responsibilities. The electric utility would continue to operate as a department of the city until regulatory approvals are completed.

The City of Red Deer’s electric utility has served the community for nearly 100 years and remains publicly owned by the City.

“The electric utility is an important public asset that has served our community for generations,” said Sarah Tittemore. “This work is about establishing the governance structure needed to support the utility’s long-term success while ensuring it remains publicly owned and focused on serving Red Deer residents and businesses.”