For Immediate Release
Independent analysis shows that handing over the City’s drainage utility unnecessarily exposes the City to business risk and concerns about reduced transparency.
Edmonton – The Edmonton and District Labour Council and Coalition of Edmonton Civic Unions has released an independent report showing that the public interest is not served by handing over one of the City’s largest assets to EPCOR.
“The City is determined to hand over Edmonton’s publicly-owned drainage Utility to a private enterprise for the promise of future revenues that may or may not come” said Edmonton and District Labour Council President, Bruce Fafard. “The evidence shows that, all things considered, there is no net benefit to the citizens of Edmonton. In fact, if the City can achieve even 59 per cent of the efficiencies claimed by EPCOR, there is no good reason to sign this deal.”
The report “Facing the Trade-offs” was written by Robin Shaban, an independent researcher with expertise in the economic analysis of mergers. The report calculates that over 90 per cent of the efficiencies claimed by EPCOR can be realized by the City itself.
“Public assets of this nature are best left in the hands of the city” Fafard said. “We believe our drainage system should remain in the public’s control, not handed over to private interests.”
Link to full Report Facing the Trade-offs here
Bruce Fafard, President of EDLC, contact: (780) 940-6797 or Office@edlc.ca
Robin Shaban, independent researcher, contact:@robin-shaban.com