Labour groups take Epcor deal to court

A judge is to hear arguments today over the sale of publicly owned assets by Edmonton’s utility company. Several labour groups allege city council broke the law when it met behind closed doors and voted to privatize Epcor’s (TSX:EP.UN) power generation.

A judge is to hear arguments today over the sale of publicly owned assets by Edmonton’s utility company. Several labour groups allege city council broke the law when it met behind closed doors and voted to privatize Epcor’s (TSX:EP.UN) power generation. The groups allege council had no legal right to make the decision and are asking the court to declare it invalid. They argue the assets were owned by the citizens of Edmonton, who should have had the final say. The assets were spun into a new publicly traded company called Capital Power.

The groups challenging the move include the Alberta Federation of Labour and the city’s two largest unions.