Questions and Comments

Question / Comment:

Since Alectra is so much larger than Guelph Hydro wouldn't Guelph's ownership stake be very small? Hence Guelph might expect a small share of any dividend.

Response:

If Guelph becomes a partner with Alectra, the City would receive a higher dividend than the one it receives from Guelph Hydro.

Guelph’s share of ownership is being negotiated in the weeks to come.

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, and no shareholder owns more than 50% of the company.

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