Electric Utility generating money
MEDICINE HAT, AB — The City of Medicine Hat utilities division is expected to garner a profit this year despite originally predicting a loss.
The city’s electric utility had a $3 million operating loss last year, and budget projections predicted another $3 million loss for 2017.
During a presentation at the city council meeting on Monday, city staff presented an updated budget highlighting a near $5 million dollar turnaround.