Shareholders Sign Legal Agreements To Consolidate Leading Ontario Utilities

Snapd Vaughan East/Snapd Woodbridge
May 2016



The plan to merge three leading Greater Golden Horseshoe Area utilities and jointly purchase a fourth has taken another step forward, with the completion of legal agreements among the seven shareholders. Enersource Corporation, Horizon Utilities Corporation and PowerStream Inc. are looking to merge and jointly purchase Hydro One Brampton Networks Inc. from the Ontario Government, effectively creating the second largest electricity distribution company in Ontario, with a service territory of approximately 1,800 km. The legal agreements milestone was marked at a signing ceremony held at Horizon Utilities in Hamilton. The event was attended by the Hon. Bob Chiarelli, Ontario’s Energy Minister and others.