Last year, Guelph Hydro paid $1.5 million in dividends to the City of Guelph
Alectra is a publicly-owned utility 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 cities of Barrie, Hamilton, Markham, Mississauga, St. Catharines, and Vaughan, through their respective holding companies, and Ontario Municipal Employee Retirement (OMERS) are joint owners of Alectra.
- City of Mississauga (27.90%)
- City of Vaughan (20.84%)
- City of Hamilton (18.15%)
- City of Markham (15.72%)
- City of Barrie (9.43%)
- City of St. Catharines (4.85%)
- OMERS Infrastructure (3.10%)
We’re still discussing the exact amount that would be paid to the City after a merger. We do know the City’s annual dividend would be higher than it is today.