The CBC article sounds innocuous enough; full marks for making the pillaging of public good sound palatable.

clipped from www.cbc.ca

Epcor to sell stock in power operation
The municipally owned water and power utility in Edmonton plans to sell investors a quarter of its energy arm.
Epcor Utilities Inc. said Friday that it will form a new unit to hold its power operations and initially sell a 25 per cent stake to the public. It may sell more later, the company said in a news release.
The new company, Capital Power Corp., will fund its growth through capital markets.
Epcor, which operates as a company and not as a municipal utility, said Friday that it made $104 million profit on revenue of $890 million for the three months ended March 31, compared with $68 million on revenue of $799 million in the same period a year earlier.
The Capital Power spinoff was approved by Edmonton council on April 17. The new company will be headed by Brian Vaasjo, Epcor executive vice-president and chief operating officer.
Epcor expects the Capital shares will be sold before the summer.
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EPCOR-WMPrivatization, as always, is still on the move in Alberta. As usual, it will be a wild success, for the private investors at the cost of the public good.

This is being marketed as a way to increase capital so Epcor can continue to expand its operations across North America. In reality though this is just another move toward privatizing a public good for the benefit of the business class.