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Farkas Proposes Enmax-Water Merger, Sells Versant Stake

Published 2 weeks, 5 days ago
Description

Mayor Jeromy Farkas of Calgary dismisses rumors of Enmaxs sale, instead proposing a merger with the citys troubled water utility. The plan aims to leverage Enmaxs expertise for better efficiency and reliability, potentially generating up to $2 billion from selling Enmaxs stake in Versant Power. This move aligns with Calgarians preference for public utilities and avoids foreign ownership issues.

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