More than 450 business leaders and professionals crowded a ballroom at Edmonton’s Westin Hotel on Jan. 20 to honour Don Lowry, president of Epcor Utilities Inc. and Alberta’s Business Person of the Year. Lowry’s accomplishments are nothing to sneeze at — he took a small, municipal water utility, grew it into a profitable regional entity and then got into the power generation business, acquiring TransCanada Power LP in 2005, and then split the company in two, creating Capital Power in 2009.
Here in part three, Don Lowry explains how the foresight of the city of Edmonton in creating Epcor helped create the company you see today. He gets down into the nitty gritty of the financial foundations of a capital intensive business like Epcor. Also, how the changing of the trust tax rules affected Epcor, the need for flexibility and that government intervention is often one of your biggest risks.
Part one and part two of the speech have already been posted.
You can read the full text of Don Lowry’s remarks, by clicking here.
You can also find the full multimedia package from the luncheon here, complete with tribute video and photos.
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