Thunder Bay Hydro has employees who service electrical distribution to over 50, customers in the City of Thunder Bay.
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Both Local Distribution Companies are located in Northwestern Ontario and are owned by their respective municipalities. Backgrounder Objectives of Merge The Memorandum of Understanding between Thunder Bay Hydro and Kenora Hydro authorizes the evaluation of whether or not to merge the two municipally owned electricity distribution companies. It includes the following objectives of such a merge:.
It includes the following objectives of such a merge: A merged company will continue to be owned by the Municipal Shareholders. The merge would create a Northwestern Ontario based entity with local accountability and ownership. The merge should create opportunities for efficiencies through economies of scale, innovation for the benefit of ratepayers, and competitive advantages in all relevant service territories, while sharing best practices across all facets of the business.
That Municipal Shareholder value would be maximized now and in the future and that all such shareholders are treated fairly, while preserving asset value.
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Customer service levels would need to meet or exceed existing customer service levels of each Party. Existing employees would be treated fairly and may benefit from increased employment opportunities.
Kenora Hydro CEO Dave Sinclair says the utilities based in northwestern Ontario have a history of working together in areas such conservation, back office support and the acquisition of smart meter technology. The companies have started the process of analyzing how customers, municipal shareholders and other stakeholders might benefit from a merger.follow url
Thunder Bay Hydro | Revolvy
Both said any deal will require the approval by the City of Kenora and the City of Thunder Bay, who are the municipal shareholders of each company. Thunder Bay Hydro has employees who service electrical distribution to over 50, customers in its area, while Kenora Hydro has 14 employees who service 5, customers.
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