Questions and Comments

Question / Comment:

What will happen to the debt that resulted from the district energy failure? Is that why you're considering a merger?

Response:

While Guelph’s district energy plans did not perform as well as expected, that is not the reason we began exploring possible changes to the ownership of Guelph Hydro.

Successful companies regularly review their capital assets to ensure they’re getting the best return on their investment.

While exploring all opportunities for Guelph Hydro we determined the best value for customers and the community is to merge with Alectra.

We’re negotiating the financial and legal details over the coming weeks. City Council will make its final decision about the negotiated agreement on December 13.

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