Due Diligence Package
Comprehensive documentation for your investment evaluation
Corporate Documents
Foundational corporate and designation materials
Ministerial Order 16/2025
Designation of Deep Retrofit Capital Inc. as CEIP Program Administrator, signed October 23, 2025 by the Minister of Environment and Protected Areas under the Emissions Management and Climate Resilience Act.
DRC Business Plan
83-page comprehensive business plan covering program structure, market analysis, financial projections, operational framework, and technology strategy.
Articles of Incorporation
Deep Retrofit Capital Inc. corporate registration and articles of incorporation under the Alberta Business Corporations Act.
Government Awarding Letter and Due Diligence Memo
Official awarding letter and supporting due diligence memorandum from the Government of Alberta confirming DRC's designation.
Governance Policies
9 governance policies covering all operational aspects
DRCP-PADM-0001 -- Program Administrator Designation
Establishes DRC's role, responsibilities, and authorities as a CEIP Program Administrator.
DRCP-MORPT-0001 -- Monitoring and Reporting
Defines monitoring obligations, KPI tracking, energy performance measurement, and annual reporting requirements.
DRCP-AVBRD-0001 -- Advisory Board Composition
Advisory board structure, membership criteria, and consultation procedures.
DRCP-PADM-0002 -- Data Collection, Use, and Privacy
FOIP-compliant data governance covering collection, use, disclosure, retention, and protection of participant data.
DRCP-EIMP-0001 -- Eligible Improvements
Defines eligible improvement categories (building envelope, mechanical, energy management, lighting, solar/renewable, equipment) with qualification criteria.
DRCP-QCTRS-001 -- Qualified Contractors
Contractor qualification requirements, licensing, insurance, training, performance standards, and conduct expectations.
DRCP-FINMGT-0001 -- Financial Management
GAAP-compliant financial management, fee structures, reserve requirements, auditing, and reporting obligations.
DRCP-IRE-0001 -- Issue Resolution and Escalation
Four-tier resolution process: Liaison, Concerns Officer, Resolution Committee, and Minister escalation.
Regulatory Documents
Enabling legislation and regulatory framework
Bill 10 -- An Act to Enable Clean Energy Improvements (SA 2018, c 6)
Foundational enabling legislation that amended the Municipal Government Act to create Division 6.1, authorizing municipalities to establish CEIP programs.
Alberta Regulation 212/2018 -- Clean Energy Improvements Regulation
Core CEIP regulation establishing program framework, eligible improvements, contractor requirements, application process, agreement terms, and monitoring obligations.
Alberta Regulation 153/2020 -- CEIP Amendment Regulation
Amendments to the original regulation expanding scope and clarifying procedures.
Municipal Government Act, Division 6.1 (RSA 2000, c.M-26)
MGA sections added by Bill 10 providing municipalities authority to establish CEIP programs, impose energy improvement taxes, and enter agreements with program administrators.
Emissions Management and Climate Resilience Act (SA 2003, c.E-7.8)
Provides the Minister authority to designate program administrators and establish climate-related programs.
Financial Documents
Financial management, fees, insurance, and reserves
Financial Management Policy (DRCP-FINMGT-0001)
GAAP-compliant financial management procedures, accounting standards, and audit requirements.
Administration Fee Structure
Fee schedule detailing the maximum 5% administration fee, application fees ($100/$200/$500 by property type), and incidental cost limits (15% maximum).
Insurance Documentation
Proof of insurance coverage as required by the Government of Alberta designation conditions. Submitted February 2026.
Financial Reserve and Performance Bond
Documentation of 3-month financial reserve and performance bond maintained for operational continuity.
Operational Documents
Contractor qualification, improvements, monitoring, and continuity
Qualified Contractors Policy (DRCP-QCTRS-001)
Contractor qualification requirements including APEGA/AAA licensing, $5M liability insurance, $2M E&O insurance, WCB coverage, and training completion.
Eligible Improvements Policy (DRCP-EIMP-0001)
Complete listing of eligible improvement categories with lifespan data, expected savings, and CO2 reduction factors.
Monitoring and Reporting Policy (DRCP-MORPT-0001)
KPI tracking framework, energy performance measurement, GHG reduction calculations, and annual public reporting procedures.
Issue Resolution and Escalation Policy (DRCP-IRE-0001)
Four-tier escalation process from Liaison through Concerns Officer and Resolution Committee to Minister, ensuring systematic issue resolution.
Transition Plan and Training Manual
Maintained at all times for business continuity. Documents all operational procedures for platform transfer if required.
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Contact the DRC investment team to receive copies of all due diligence documents and schedule a discussion with the leadership team.
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