Agencies Archives - Page 5 of 5

29Sep

By Bob AscahNo Comments

Agencies, ATB

ATB FINANCIAL (ALBERTA TREASURY BRANCHES) TURNS 80

Happy 80th Birthday Today ATB's Rocky Mountain House branch celebrates its 80th anniversary. ATB's history page contains a picture of the branch under the title of "providing hope." The branch was located inside the Forest Services office. According to Alf Hooke's memoire 30+5 I know, I was there (Edmonton, Institute of Applied Art, 1971): "When Mr Aberhart realized that his government would not be permitted to control the credit of the province in accordance with the legislation that had already been passed and later disallowed, other means of accomplishing, at least to some degree, a measure of control of the issuance of credit were sought. The first Treasury Branch opened on September 29th, 1938 in Rocky Mountain House and on September 30th branches were opened in Andrew, Edmonton,...

3Aug

By albertarecessionwatchNo Comments

Agencies

Provincial Agency Salaries

Originally Posted 3 August 2017 Corrections made 9 August 2017 Last October AlbertaRecessionWatch.com published a listing of the top paid senior Executives in Alberta's provincial Corporation universe. As the tables demonstrated, the pay levels were dominated by individuals working in the financial services and in the energy regulatory setting. Last year, like this year, this group predominates. Since October, the Government of Alberta has made a number of changes to the pay levels of the top officials working in these agencies. (more…)

The Alberta Energy Regulator advertises (Again)

2Jun

By albertarecessionwatchNo Comments

Agencies

The Alberta Energy Regulator advertises (Again)

Alberta Electric System Operator (AESO) The following ad seeking candidates for the position of AESO board members appeared in the Edmonton Journal last week. While the ad is extremely general it should include the ability to read near- microscopic print! (more…)

17Apr

By albertarecessionwatchNo Comments

Agencies

Narrowing the playing field

Alberta Energy Regulator advertises for Hearing Commissioners In the 15 April edition of the Edmonton Journal an ad appeared seeking interested individuals to apply for a position as a Hearing Commissioner with the Alberta Energy Regulator (AER). (more…)

"Much ado about nothing"- ‘Bolton Report’

20Mar

By albertarecessionwatchNo Comments

Agencies

"Much ado about nothing"- ‘Bolton Report’

Originally published 20 March 2017 Preface This is a story about a government announcement in the early days of the Prentice administration that I took very seriously. (As it turns out I shouldn't have.) Since the Report arising from the announcement was never released, I undertook to bring it to the light of day through the access to information process. It took ten months. The tale below summarizes the background to the announcement; the enjoyable and lengthy process to receive a copy of the Report; and summary of the report; and my comments on the contents of the Report and recommendations An earlier column can be found at The Bolton Committee. (more…)

11Mar

By albertarecessionwatchNo Comments

Agencies

Baby steps at AIMCo board

Originally 11 March 2017 Three weeks ago an inconspicuous Order-in Council 39/2017 was quietly passed to repeal two sections of the Alberta Investment Management Corporation Regulation. The deletion of sections 5 and 6 are highly significant as the sections assured a measure of independence for the corporation's management and board from the government. The government's decision is positive and courageous for the reasons explored below. (more…)

11Oct

By albertarecessionwatchNo Comments

Agencies

Salaries at Provincial Agencies

Originally published 11 October 2016 Background Controversy continues to swirl around salary levels at Alberta's agencies, boards, and commissions (ABCs). An article in The Globe and Mail by Justin Giovannetti two weeks ago incorrectly identified the salary of the President and Chief Executive Officer of the Workers' Compensation Board as the highest of provincial ABC executives. A tabulation by Albertarecessionwatch.com of the largest and most critical ABCs in the financial, health, energy, and post-secondary sectors shows that WCB CEO Guy Kerr ranks 20th among his ABC colleagues. (more…)

26Jun

By albertarecessionwatchNo Comments

Agencies

Bill 19 -Reform of Agencies, Boards and Commissions Compensation Act

Opinion/Research On May 18th, Treasury Board President and Finance Minister Joe Ceci introduced Bill 19. Ceci stated that the "purpose of this legislation is to address consistency and fairness in executive compensation levels for the public agencies, boards, and commissions that are subject to the Alberta Public Agencies Governance Act." The tabling and passage of this Bill garnered virtually no attention in the media. And yet, this Bill promises to be one of the most fundamental pieces of legislation for the government in an session that features major initiatives on climate change, taxation, predatory lending, environmental monitoring, and law enforcement. (more…)

Alberta’s Agencies, Boards and Commissions (ABCs)

13Jun

By albertarecessionwatchNo Comments

Agencies

Alberta’s Agencies, Boards and Commissions (ABCs)

The Bolton Committee In September 2014, prior to the provincial general election, then Premier Jim Prentice appointed a three person committee to examine the four major financial agencies owned by the provincial government: ATB Financial, Agricultural Financial Services Corporation, Alberta Investment Management Corporation, and Alberta Capital Finance Authority. The committee was led by Hugh Bolton, an accountant who was the Chair of the City of Edmonton's EPCOR Utilities and the chair of Capital Power, a company spun out of EPCOR. Also serving on the committee were two well known financial executives: Linda Hohol a former director of ATB and the former President of the TSX Venture Exchange. Larry Pollock, the former CEO of Canadian Western Bank and a director of EPCOR. All ag...