Thunder Bay, Kenora utilities consider merger.

A Memorandum of Understanding between Thunder Bay Hydro Electricity Distribution and Kenora Hydro Electric Corporation has been signed to authorize the exploration of a merger between the two utilities.

"The current technological and regulatory environment offers both opportunities for and challenges to local electricity distribution companies that might be better addressed through an integration of resources," said Kenora Hydro president-CEO Dave Sinclair in a joint Oct. 21 statement of the two utilities.

"Our two utilities have already worked together in areas such as conservation, back office support and the acquisition of Smart Meter Technology. We share common values and have agreed on some vital common objectives as we explore the possibility of a merger." "A number of Ontario LDC's are currently exploring or undertaking consolidation in order to achieve economies of scale and enhance their capability to serve customers in an industry that continues to become more complex," said Thunder Bay Hydro president-CEO...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT