The Future of Power in Medicine Hat
In January 2021,the City of Medicine Hat announced an active exploration of strategic alternatives with electric generation assets (GENCO) in an ongoing effort to evaluate asset portfolios in terms of both opportunities and risk management in the rapidly evolving energy industry.
On February 8, 2021, the City confirmed there is no pending sale of the electric generation assets under consideration, and any future possible sale would be subject to an appropriate consultation and approval process. However, the City of Medicine Hat will continue to evaluate the financial performance of this asset and consider its retention value as with any asset in the city's portfolio.
Residents and rate-payers have been asking for more information concerning why the City of Medicine Hat might consider selling our electricity-generating assets. Recognizing that the assets have had a significant and long-lasting impact on our City (over 100 years), the questions are reasonable and expected.
View the FAQ section, or ask your question below.
We are receiving a high number of requests for information and are in the process of sorting like questions in order to provide the most meaningful responses. Thank you for your patience.