Utilities

[KevinL]

London Hydro is looking to purchase other hydro providers - specifically, the three in Waterloo Region.

London Hydro asks city to change shareholder agreement so it can grow

London Hydro wants to expand.

During a presentation to the strategic priorities and policy committee meeting Monday, officials said London is a limited market and so it wants the opportunity to buy smaller utilities in nearby cities.

The local utility wants to look into buying utilities in Cambridge, Kitchener and Waterloo, said CEO Vinay Sharma.

“We are ready for the future. We are ahead of utilities, not only in Ontario, not only in Canada, but in North America,” he said.