Billions Invested in the U.S. by Alberta Regulated Utilities

Dear Mr. Nenshi, Looking back at your record as Mayor of Calgary – the city, as the sole shareholder of ENMAX, approved the investment of $2 billion to buy Versant Power, a utility in Maine. You supported ENMAX’s highly leveraged investment in the United States (U.S.) and said : “The purchase by the city-owned company involves ‘good debt.’ ” Times have changed, and municipalities throughout Alberta will likely be affected by tariffs imposed by President Trump. Given this new reality and that you are now the leader of the NDP, what is your opinion on governments supporting/promoting utilities that have expanded their business interests by investing in the U.S.? As a local taxpayer, a local company, and a strong proponent of Canadian sovereignty, we believe Premier Smith should encourage our major municipal utilities to do the right thing and bring their foreign investment dollars back to Alberta. If our government wants to promote ‘Affordability,’ the big regulated utiliti...