Utilities

[jeffster]

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.

I can't speak for Waterloo or Cambridge, but almost certainly Kitchener will tell them to hit the road.

Does London not understand, tho, that the 3 cities are significantly larger than London? You're talking about 370,000 for London vs 500,000 for the trip-cities, not including the townships, which all 3 utilities partially own. Kitchener (Wilmot), Cambridge (North Dumfries) and Waterloo (Woolwich and Wellesley).

I say a better idea is for the tri-cities team up and buy London Hydro, we then could fund our Stage 2 LRT that way, as we know London doesn't have an LRT.