Edmonton City Council's vote to privatize the power production portions of EPCOR was held as a private shareholders meeting (the City of Edmonton owns 100% of the shares), but no rules were broken. What's the real issue? The privatization or how the decision was made?
- While I thought the Edmonton Journal's 'MAJOR ABUSE OF POWER' headline was a tad bit sensationalist considering that Council conducted itself within the rules laid out before them, I do think the transparency issue needs to be addressed for future decisions. Councillor Don Iveson has already said that he plans on introducing a motion that would require councillors to make decisions about significant Epcor asset sales or restructuring at council rather than shareholder meetings.
- While I thought the Edmonton Journal's 'MAJOR ABUSE OF POWER' headline was a tad bit sensationalist considering that Council conducted itself within the rules laid out before them, I do think the transparency issue needs to be addressed for future decisions. Councillor Don Iveson has already said that he plans on introducing a motion that would require councillors to make decisions about significant Epcor asset sales or restructuring at council rather than shareholder meetings.
"There are a number of fair reasons why the recent Capital Power decision was made that way, but I don't want to be asked to make any further decisions that way."- Edmonton-Riverview MLA Kevin Taft has written an op-ed on the EPCOR issue, arguing that Council should put entire process on hold to allow public scrutiny.
"Our accountability is clearer when we are meeting as councillors than if we're meeting as shareholders."
- The Our Power Citizens Group is trying to start a larger debate on the EPCOR issue, but who is behind this group? The address listed on their website is the same as Public Interest Alberta. The group will be hosting a meeting on Wednesday, July 8th at 7:30 PM at the Central Lions Seniors Centre 11113 — 113 Street.
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