n IMFO : Official Journal of the Institute of Municipal Finance Officers - IMFO welcomes Cabinet memo on REDs
|Article Title||IMFO welcomes Cabinet memo on REDs|
|© Publisher:||Institute of Municipal Finance Officers (IMFO)|
|Journal||IMFO : Official Journal of the Institute of Municipal Finance Officers|
|Publication Date||Summer 2005|
Extracted from text ... IMFO ? Summer 2005 18 Since the REDs issue first arose, the Institute of Municipal Finance Officers (IMFO) has supported the rationale of transforming the electricity distribution industry. However, IMFO was concerned about the impact this might have on municipal finances and the possible selective removal of electricity from local authorities, as this would have major implications for municipal finances. Accordingly, IMFO welcomes the recent Cabinet decision regarding REDs. The Cabinet memo reads as follows: - "Cabinet was briefed on a plan to accelerate the implementation of Regional Electricity Distributors (REDs), including the introduction of a Bill on Electricity ..
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