A new report suggests cities like Calgary and Edmonton should sell their electricity distribution companies and invest that money in critical infrastructure.
The C.D. Howe Institute said in a release Wednesday that there is huge potential in Alberta to turn power lines to transit lines, and with provincial regulators protecting consumers interests, it said there’s no reason for municipalities to hold these assets.
The report’s author, Steven Robins, also pointed out that the current tax structure distorts incentives for municipalities, encouraging them to retain ownership.
Alberta and Ontario have 57 municipally-owned utilities, which deliver electricity to 27 per cent of Canadian electricity customers.