The Utility Governance Project is a significant project that is not completed. At this point, Council has not made any decisions on what the future will look like for the electric utility. If Council wants to establish an MCC, that decision cannot be made without a public hearing.   

The next steps in this process are:  

1. Hire a consultant: An RFQ process is currently open, and it will lead into a competitive RFP process. The consultant will conduct engagement sessions with the public and stakeholders and prepare a business plan (see next step), and address transition planning.  
2. Consultant develops a business plan:  Legislation requires a business plan to be prepared, and the plan must include various items such as costs, cash flow projections, the impact of the MCC on The City’s financial viability, and a market impact analysis if municipal control of the MCC would result in competition with similar services provided by the private sector. 
3. Disclosure of information: Legislation requires that The City must disclose and make information available to the public for at least 30 days prior to the public hearing. The information that must be disclosed includes the projected rate structure and the market analysis that is in the business plan. 
4. Provide the public with notice of the public hearing: The City must provide notice by publishing an advertisement at least once a week for two consecutive weeks in the Advocate. The notice must contain a statement of the general purpose of the public hearing, the address where documents can be inspected, an outline of the procedure to file a petition and the date, time and place where the public hearing will be held. 
5. Allow for a petition period: After the notice has been advertised, electors have 60 days to submit a petition for a vote of the electors to determine whether the resolution to establish an MCC should be passed. If a petition is sufficient, Council must either not proceed with the resolution or submit the resolution to a vote of the electors within 90 days.  
6. Hold a public hearing: The City must hold a public hearing so that the public, including our residents, our business community, and our other community partners can have their voices heard on this important matter.  
7. Pass a resolution: The resolution must authorize The City to establish and control the MCC. This resolution can only be passed if Council is satisfied that the MCC will fulfill a municipal purpose, will provide a service or benefit to residents of Red Deer, and that the profits and dividends of the MCC will provide a direct benefit to the residents of Red Deer.