Mississippi River Power Corp. is the generation side of the former Almonte Hydro. The Corporation of the Town of Mississippi Mills owns 100% of the shares in MRPC.
Mississippi River Power Corp. owns and operates a 4.6 Megawatt Generating Station in Almonte, Ontario. This station was built in 2008-09 and came online on April 9, 2010.
MISSISSIPPI RIVER POWER SEEKING NEW DIRECTOR
The Mississippi River Power Corporation (MRPC) is seeking to add a director to its Board. MRPC is incorporated under the Ontario Business Corporations Act and is wholly owned by the Corporation of the Municipality of Mississippi Mills. MRPC operates a run-of-river generating station in Almonte, Ontario. The Corporation employs three full time and one part time staff. Directors are elected to 3-year terms and may be elected to a second 3-year term.
Directors are required to prepare for and attend monthly meetings of the Board, any special meetings as required, and an annual general meeting. In addition to its governance responsibilities, the Board operates as a management board to supplement the capabilities of full-time staff. Meetings are normally held at the MRPC offices in Almonte, Ontario. An annual stipend is provided.
The successful candidate will reside in Eastern Ontario (Ottawa region) and have a strong background in accounting and finance, and specifically be able to advise management on financial statement preparation, accounting standards, audit engagement, and taxes in the public sphere. Candidates should have a CPA or equivalent, and also be familiar with business valuation and analysing financing alternatives. The new director will work with the current Treasurer with the goal of becoming Treasurer of the Corporation.
In addition, preference may be given to applicants with one or more of the following:
- Strong business and operations background,
- Experience operating in a competitive business environment,
- Familiarity with the electricity sector in Ontario,
- Strategic planning and corporate development experience,
- Experience with operating in a regulated sector,
- Sensitivity to public interest,
- Executive leadership (public or private), and/or
- Previous board and governance experience.
The selected candidate will be brought forward for election by the shareholder at the Corporation’s AGM in the spring of 2023.
All applications must be clearly marked “MRPC Board of Directors” and submitted by 4:00 p.m. on February 10, 2023, to:
Town of Mississippi Mills 3131 Old Perth Rd
P.O. Box 400
Almonte, ON K0A 1A0
Or by email to:
The Municipality encourages applications from women, Aboriginal peoples and persons of all races, ethnic origins, religions, abilities, sexual orientations, and gender identities and expressions.
For more information on MRPC visit www.mississippiriverpower.com
Interested in a tour of the Brian J. Gallagher Generating Station?
Contact MRPC General Manager Scott Newton at firstname.lastname@example.org