2 ms·

i don't think raising rates for other customers is what "eating the cost" means. it's also possible to profit less.

• oh_sigh 5y ago
  Enmax doesn't make a profit, because it is wholly owned by the City of Calgary and returns all remaining funds as a dividend to the city. Which amounts to about $50M/year, or about $40 per citizen.
  • __del__ 5y ago
    i'll correct myself: maintaining the $40/citizen city funding by raising costs for other customers is not what "eating the cost" means
    • googlryas 5y ago
      The payments to the city are variable. There is no fixed "$40/citizen" payment being made. The utility company not charging individuals responsible for increased costs those increased costs leads to the utility returning less money to the city, which would ultimately lead to cost increases if the excess funds went negative. I find it interesting that you're latching onto the "eat the cost" phrase(which may have been incorrectly used) but you aren't too interested in rectifying your gross ignorance of the actual details of the system you're making claims about.