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Medicine Hat power, gas sales plummet

from Medicine Hat News

City power sales, which had stabilized the City of Medicine Hat's bottom line since gas profits evaporated, fell to a 10-year low in 2016. They were joined by gas sales which reached another new low last year. The figures are part of the 2016 city financial report, presented to council recently, and come on the same night council voted in tax increases to specifically deal with shortfalls of the once reliable commodity revenue. "Electric is the biggest disappointment in some ways, though it is somewhat predictable," said Coun. Bill Cocks, chair of the utilities committee. more

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7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063