The headline on the media release reads, “Alectra selling its shares in Collus PowerStream to Collingwood.” What it should add is that Collingwood residents and taxpayers were betrayed by members of their own council and administration. After a three-year campaign to screw us, The Block have won a major victory in abhorrent behaviour. They are privatizing our electrical utility and next year will do the same to our water/wastewater utility, to the same corporation.
Our publicly-owned utility will be sold to EPCOR, an out-of-province, for-profit corporation that pays a dividend to the city of Edmonton only, and that will raise our electricity rates as soon as they are allowed. Our utility will be privatized within a year, with no local control, no local representation, no local input. And it’s all been done to us behind closed doors.
What will Collingwood get from the sale? Basically nothing, once all the legal fees, consultant fees, taxes and kickbacks are paid. We will have lost everything just to satisfy some personal vendettas.
In fact, with the changes made to staff, to departments and the termination of the shared services agreement, and the skyrocketing legal and consulting costs approved by The Block and this administration, operating costs are already escalating. Your taxes will be raised significantly to pay for their vile acts.
It is a devastating blow to the hardworking staff in Collus-PowerStream. It will be devastating and extremely costly to residents once the deal is finalized. This is the lowest moment in our town’s history. It goes way beyond merely being unethical and immoral: it has the stench of corruption about it.