Municipal Energy Corporation

Background

At the July 5, 2021 City Council meeting, Administration presented a feasibility report with a preliminary study and recommendations regarding a potential municipally owned energy corporation (MEC).

The proposed corporation would be a way of generating new revenue to offset declining traditional sources of revenue in St Albert. 

What is a Municipal Energy Corporation?  

A Municipal Energy Corporation focuses entirely on energy projects including (but not limited to), electrical generation, energy efficiency opportunities, EV charging stations, solar power, etc. 

This is not a Municipal Utility Corporation. The previously proposed Municipal Utility Corporation differs from this model as it would have focused on the delivery of alternative utility services. A utility corporation offers services such as water, wastewater, stormwater and waste management utility services. 

The focus of the Municipal Energy Corporation is on utilizing the ever-growing green energy industry. Investing in green industries strives to generate revenue and profits while working to increase social good and mitigate environmental problems.   

About the Project 

The MEC is a reasonable and moderately low risk venture that would generate revenue to support City driven initiatives without impacting the tax base and provide a sustainable revenue stream to the City. If approved, the intention is to provide a service to residents, keep net revenues within the City framework and ultimately grow ventures geographically. 

More info 

Energy Corporation Feasibility Report - Presented to Council on July 5, 2021

Timelines 

The Municipal Energy Corporation is currently in the feasibility phase with a detailed business plan coming back to Council in early 2022.


Related Pages

Last edited: August 19, 2021