City Council to Consider Review of EPCOR Drainage Proposal
(firmenpresse) - EDMONTON, ALBERTA -- (Marketwired) -- 06/09/16 -- Edmonton City Council will consider on June 14th whether to proceed with a review to determine the feasibility of transferring the City''s Drainage Utility Services (Drainage) to EPCOR. If Council proceeds with a review, a final decision will be made later this year.
EPCOR currently operates three of the four main components of Edmonton''s water system - water treatment, water distribution and wastewater treatment. The City of Edmonton''s (City) Drainage department operates the fourth component of the water system, the wastewater and stormwater collection system.
Subject to Council approving a review on June 14th, an independent consultant will be retained by city administration to help evaluate EPCOR''s transfer proposal.
"We believe this is the right time for the City to consider this possibility," said EPCOR President & CEO Stuart Lee. "A transfer of Drainage at this time aligns with the City''s current review of all its services. It would also bring all of Edmonton''s water utility operations under one roof, allowing for a common approach."
Mr. Lee added, "EPCOR has a strong track record and is one of the best operated water utilities in North America - and, it is 100% owned by the City of Edmonton."
Under EPCOR''s proposal:
EPCOR traces its roots back 125 years to the banks of the North Saskatchewan River, when its predecessors were the first to bring electric lights and treated water to the citizens of Edmonton. Since EPCOR was incorporated in 1996 with an independent Board of Directors, it has returned more than $2 billion in dividends and other payments to the City. Today, EPCOR has earned recognition in Alberta, Canada and the U.S. as an employer of choice and a responsible corporate citizen.
Forward Looking Information
Certain statements and other information included in this media release constitute "forward-looking information", "financial outlook" or "forward-looking statements" (collectively, "FLS"), including, but not limited to, statements regarding management''s expectations with respect to the payment of an increased dividend. The purpose of this information is only to provide readers with an indication of the expected impact of the proposed transaction on EPCOR''s future financial results and this information may not be appropriate for other purposes. These statements speak only as of the date of this media release and EPCOR does not undertake any obligation to publicly update or revise any FLS. Any FLS contained herein are expressly qualified by this cautionary statement.
About EPCOR Utilities Inc.
EPCOR''s wholly owned subsidiaries build, own and operate electrical transmission and distribution networks, water and wastewater treatment facilities and infrastructure in Canada and the United States. The company''s subsidiaries also provide electricity and water services and products to residential and commercial customers. EPCOR, headquartered in Edmonton, is an Alberta Top 70 employer. .
Contacts:
EPCOR Utilities Inc.
Tim le Riche
780-969-8238
780-721-2013 (Cell)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 09.06.2016 - 15:00 Uhr
Sprache: Deutsch
News-ID 1440656
Anzahl Zeichen: 2424
contact information:
Contact person:
Town:
EDMONTON, ALBERTA
Phone:
Kategorie:
Utilities
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 338 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"City Council to Consider Review of EPCOR Drainage Proposal
"
steht unter der journalistisch-redaktionellen Verantwortung von
EPCOR Utilities Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
