Warwick REA Members vote to sell assets to ATCO Electric
“We applaud all of the Warwick REA members who have served on the Board over the years for their work to build and maintain their electrical system,” said Barry Goy, Vice President, Distribution Operations, ATCO Electric. “We have been privileged to serve the Warwick REA since it was formed in 1949 and appreciate the opportunity this sale brings us to continue to serve the membership.”
The sale requires the approval of the Rural Utilities Division and the Alberta Utilities Commission. Upon completion of the sale, each member will receive $21,005 for each site they own.
“We are proud of what the Warwick REA has accomplished over the past 65 years. Thank you goes out to the past and present board of directors and the membership. However, with the increasing complexity and costs associated with being an electric utility owner, our members thought it was time for us to explore other options,” said Terry Cherniawsky, President Warwick REA. “Selling to ATCO Electric means we are selling our assets to a trusted partner who has operated and maintained our system since the beginning.”
A rural electrification association is a not-for-profit cooperative that owns an electrical distribution system and supplies electric energy to members in a rural region of Alberta. The membershipÂ’s decision to sell the system to ATCO Electric means that the company will continue to deliver these services to the membership, and customers will benefit from having one company own, operate and maintain the electrical distribution system.
Related News

Ermineskin First Nation soon to become major electricity generator
RED DEER - The switch will soon be flipped on a solar energy project that will generate tens of thousands of dollars for Ermineskin First Nation, while energizing economic development.
Built on six acres, the one-megawatt generator and its 3,500 solar panels will produce power to be sold into the province’s electrical grid, providing annual revenues for the band of $80,000 to $150,000, depending on energy demand and pricing.
The project cost $2.7 million, including connection costs and background studies, said Sam Minde, chief executive officer of the band-owned Neyaskweyahk Group of Companies Inc.
It was paid for with grants…