Tuesday, November 29, 2022
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NewsMississippi Mills Council votes to share hydro revenue to benefit Almonte and rural communities

Mississippi Mills Council votes to share hydro revenue to benefit Almonte and rural communities

On June 26, Mississippi Mills Council adopted a new bylaw, which varies the revenues from the Brian Gallagher generating station. Up until Tuesday 100% of money from Mississippi Mills hydro assets (about $300,000 annually) helped fund water and sewage infrastructure. That arrangement benefitted Almonte ward exclusively.

The new by-law provides the following: 

  • In 2012, 80% of hydro revenues be directed to water and sewer related expenditures and 20% to the capital cost of the septage treatment plant.
  • In 2013, 80% of hydro revenues be directed to water and sewer related expenditures, and 20% to be put in a reserve fund, and that fund be used to cover operating costs of the septage treatment plant in years when tipping fees do not cover all operating costs.

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