March 2026

Administration presented a report to Council on March 10, 2026, in response to a request for additional information made at the February 24, 2026 Council meeting. At the February meeting, Administration had provided an update on the implementation of the Electric Utility Municipally Controlled Corporation (MCC), after which Council requested further analysis related to the divestment option and a side-by-side comparison of governance model options. The additional information included one-time and ongoing costs, potential impacts to customers and employees, timing and feasibility considerations, and an assessment of key risks. Following the presentation and discussion on March 10, there was no change in Council’s direction and work on the MCC implementation will continue.

June 2025

• Following a Public Hearing on June 23 and 24, Council passed a resolution to transition the Electric Utility to a Municipally Controlled Corporation. 

Read the report and watch the Council meeting

News:

• City Council approved new governance model for Electric Utility
• City Council recap - June 23, 2025
• City Council on the agenda - June 23, 2025
• Public hearing set for Monday: final step in MCC review

May 2025

• On May 20, Council accepted the final Business Plan into the corporate record in a closed meeting of Council, with with the expectation that the public version of the Business Plan would be made available on May 22, 2025. 

News:

• City Council Recap - May 20, 2025
• City Council on the Agenda - May 20, 2025
• Citizens invited to view Electric Utility business plan

April 2025

• On April 22, Council received an update on the project, including the draft business plan, in a closed meeting of Council.  

March 2025

• On March 10, 2025, City Council established the date for a mandatory public hearing that must occur before Council decides whether to establish a municipally controlled corporation (MCC) for The City’s electric utility.   
• Citizens can learn more about participating in the public hearing here.

Read the report and watch the March 10 Council meeting

News:

• City Council on the agenda – March 10, 2025 – March 10, 2025
• Public hearing process established to gather feedback on future of electric utility 
• City Council Recap – March 10, 2025

January 2025

Retained a consultant, EY, through an open, competitive procurement process to develop a business plan, financial analysis and regulatory review and prepare for a public hearing in advance of a decision. 

October 2024

• On October 1, 2024, Council was presented with the 2025 utility budget at an open meeting of Council. The 2025 utility budget included, and highlighted, the Utility Governance Review as a budget item. 
• At that meeting, Council approved the operating and capital budgets for all utilities, and the Utility 10-year Capital Plan in principle. 

Read the report and watch the October 1, 2024 Council meeting
View the 2025 Utilities Budget document (pdf) 

• On October 28, Council was presented an overview of the work completed so far on the Utilities Governance project at an open meeting of Council. The report summarized major project milestones, next steps and opportunities for public engagement. 

Watch the October 28 Council Meeting
View the Utilities Governance Report (pdf)

September 2024

• On September 13, 2024, The City published a news release about the Utility Governance Review summarizing the Utility Governance Review matter that will be heard at Council’s open meeting on September 16, 2024.  
• On September 16, 2024, Council received information on the Utility Governance Review at an open meeting of Council.
• At the open meeting, Council directed Administration to include the costs of investigating what an MCC would look like for The City in the 2025 budget.  
• The motion was carried.  

Read the report and watch the September 16, 2024 Council meeting
View the September 16, 2024 Council presentation (pdf)

News:

• City continues to explore options for modernized utilities governance
• City Council on the agenda - September 16
• City Council recap - September 16, 2024

July 2024

• On July 22, 2024, Council received information on the Utility Governance Review at an open meeting of Council.
• At the open meeting, Council passed a resolution requesting more information on what an MCC would look like, and what a transition from a City department to an MCC would look like. 

Read the report and watch the July 22, 2024 Council meeting
View the July 22, 2024 Council presentation (pdf)

News:

• City plans for new electric utility model
• City Council on the agenda - July 22, 2024
• City plans for new electric utility model
• City Council recap - July 22, 2024

May 2024

• On May 13, 2024, Council received information on the Utility Governance Review in a closed meeting.  
• At the open meeting, Council passed a resolution directing Administration to bring back an administrative recommendation for Council’s consideration including what it would take to prepare an implementation strategy to modernize The City’s utility governance model(s) including risks, estimated costs and timeline, by end of Q3, 2024. 

April 2024

• On April 15, 2024, Council received information on the Utility Governance Review in a closed meeting of Council.
• At the open meeting, Council passed resolutions on the Utility Governance Review, postponing the Utility Governance matter to the May 13, 2024 meeting of Council and directing Administration to update absent Councillors on the matter before that meeting.

November 2023

• On November 14, 2023, Council received information on the Utility Governance Review in both a closed Council meeting and an open meeting of Council.
• At the open meeting, Council passed a resolution to approve the amended Electric Utility Governance Policy and Utility Governance Policy and to repeal some outdated policies.

Read the report and watch the November 14, 2023 Council meeting

News:

• City Council: on the Agenda
• City Council recap

July 2023

• On July 10, 2023, Council received information on the Utility Governance Review at a closed meeting of Council.

March 2023

• On March 6, 2023, Council received information in a closed Council meeting on the Utility Governance Review. No resolutions were passed at the meeting of Council on this matter.

January 2023

• On January 12, 2023, after a competitive Request for Proposals (RFP) process, Deloitte LLP was hired to do the utility governance and business model review.

October 2021

• On October 29, 2021, a consultant was hired to provide an initial scoping study of the key points of consideration of a utility governance and business model review.