EPCOR has a good second quarter - Metro US

EPCOR has a good second quarter

EPCOR president and CEODon Lowry was happy to report in a press conference held yesterday that EPCOR’s second-quarter of 2009 was a strong one.

“It was a good second-quarter across all businesses,” Lowry said.

“There were no environment incidents and zero loss time incidents.”

The second-quarter saw big changes this year. Capital Power was established as a separate company, an exchange that gained EPCOR almost $2.7 billion.

“We couldn’t support the water and power business simultaneously,” Lowry said. “It’s a win-win for Edmonton.”

EPCOR still holds 72.2 per cent of available shares for CPC, while the remaining 27.8 per cent of shares reside with public investors. $30 million, of the $150 million in shares were reserved for Edmonton alone.

Gold Bar was transferred to EPCOR, reuniting Edmonton’s water and wastewater operation, a move that Lowry said is great for the company and the city.

For their third-quarter the focus will be on the impact of water and wastewater on things like the environment.

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