A troubling state of affairs when your water bill payment appears to be the only thing keeping Ascent/St. Thomas Energy afloat.
Of much greater concern is the lack of transparency at city hall and the lack of due diligence on the part of city council.
Let’s start in the finance department where we appear to caught director of finance David Aristone in an awkward moment.
Exactly one year ago, when council dealt with the 2014 consolidated financial statements, that document revealed Ascent Group – 100 per cent owners of St. Thomas Energy – rang up an operating loss of $6.8 million. That compared with a $1.4 million profit in 2013. Continue reading