Under the current ownership structure, all Enmax employees, directors, and officers (“Enmaxians”) are owned by a municipality and not immediately accountable for capital and other related costs to the open market. They cannot benchmark themselves quickly and easily against competing…
What would selling Enmax mean, some of the practical consequences: Two Perspectives. As a Calgarian. As an Enmaxian, employee or director. As a Calgarian Let me assume that we could sell Enmax for $5.0 Billion. That would mean $5,000 per…
The Financial Argument There is a very important reason I should be able to choose. It is not morally proper that I be forced to own Enmax, from a financial perspective. Let me deconstruct that proposition. Morally justified because there…
The Moral Argument City of Calgary owns Enmax. Enmax is a profitable, cash flow positive (so far) investment. Their motto is a dramatic form of irony: Applied to electrical purchasing, “you have the right to choose” is a fine motto. …
January 9, 2014 Glenbow Ranch Park Foundation Announces Major Donation FOR IMMEDIATE RELEASE: The new year is starting off with a bang for the Glenbow Ranch Park Foundation. Glenbow Ranch Park Foundation (GRPF) announced today that it has received a…
Our mayor wants taxing powers. And our political masters in Edmonton seem to be moving to agreement. I know that this is a good idea on a policy level. It would allow a more rational and flexible taxing regime to…
Chris Nelson recently wrote for the Calgary Herald: The head of Canada Post recently came up with the head-scratching excuse for stopping home delivery of mail by claiming he was just responding to old folks who crave more exercise by…
If you are reading my blog and thinking “this is on the right track”, then you are going to love this video. Enjoy.
The Calgary Taxi Commission has another impact on the market and the market participants – diversity compression. They guarantee of one type of service, one charge rate, and one delivery mechanism. With all the sensitivity of a Moscow apparatchik in…
Here is a thought. This small little regulatory agency may pack a much larger punch than its size and lack of apparent influence suggest. It may be that the worst, or perhaps best, example of wealth destruction, service reduction, and…