Energy Business Review

On Sept. 5, 2023, Medicine Hat City Council directed administration to convene an independent third-party review of the City’s energy business to confirm overall strategic approach to ensure best value for the community.

The Request for Proposals (RFP) was issued November 10, 2023. Details are available at medicinehat.bidsandtenders.ca. KPMG LLP was awarded the contract on February 20, 2024

The intent of the review is to ensure that ownership, governance, financial, rate design approach, and other relevant considerations are assessed to deliver optimal value for the community in light of changing community and external circumstances.  The review will include the City’s electricity and gas distribution business in the project, shifting the focus from a ‘COMCO review’ to an ‘energy business review’ to consider all energy related business units given their natural interdependencies and synergies.

The results of the independent third-party energy business review are expected to be presented to City Council by the end of 2024.