Posted by Magda
During Guelph Hydro-Horizon merger talks, part of the motivation was the oft-repeated suggestion that Queen's Park only wanted to deal with 10 utilities (not the current 76-ish) and would force utilities to merge if necessary. Various reporters repeatedly asked where that number came from, and no one seemed to know.
Now, through FOI, I've secured a provincial policy note, dated July 28, from the Ministry of Energy and Infrastructure that says these interesting things:
- "There is no specific provincial target as to the appropriate number of electricity distributors in Ontario" and
- "Any decision to see local electricity assets is determined by the municipal shareholder based on an assessment of its needs and options."
I've made a similar request for information to the Ministry of Finance, which is where the decision to offer and then extend a tax holiday on hydro mergers originated. That request is going less well -- they said it would cost more than $2,000, so I've narrowed my search. Stay tuned on that one.
And in the meantime, read more merger news in tomorrow's paper.