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Utility division facing likely loss of $5.7 million

from Medicine Hat News

Utility division facing likely loss of $5.7 million Medicine Hat News Cold winter temperatures boosted new-year profits in the city’s utility division, but dropping demand and much softer pricing forecasts could see those dampened by year end, according to the latest city financial statements. Combined, the power, natural gas and oil production units can expect year-end earnings to come in $14.7 million less than predicted in the budget, resulting in a net loss across the division of $5.7 million. READ MORE

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