The provincial and municipal governments should leave the business of operating electrical utilities to the private sector and confine their role to regulation.
There are several different businesses.  I have had experience with electrical co-operatives, municipal utilities and private operators.  The service is similar.  The likelihood is that the private operator will use economic resources more efficiently than the municipal government.  
The transmission grid requires a larger view than either a municipal or provincial government can provide.  Neither provincial nor municipal borders were set out with a view to the optimal size of the electric grid.  
As for production, we have seen immense grief from poor production choices.