Questions and Comments

Question / Comment:

What is the current ownership of Alectra? Which municipalities are involved? What share of ownership does each have?

Response:

Alectra was formed earlier this year with the merger of three local electrical utilities – Enersource, Horizon Utilities, PowerStream – and the subsequent joint purchase of Hydro One Brampton.The municipally-owned utility serves businesses and residents in Peel Region, Hamilton, St. Catharines, Simcoe County and York Region.

No shareholder owns more than 50% of the company and, if Guelph became a partner in the organization, the shareholder agreement would provide certain minority shareholder protections.

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