Alectra
| Industry | Electricity distribution |
|---|---|
| Predecessors |
Enersource Horizon Utilities PowerStream Hydro One Brampton |
| Founded | January 31, 2017 in Mississauga, Ontario |
| Headquarters | Mississauga, Ontario[1] |
Areas served | see below |
Key people | Brian Bentz (President and CEO) |
| Owners |
City of Mississauga (27.90%) City of Vaughan (20.84%) City of Hamilton (18.15%) City of Markham (15.72%) City of Barrie (9.43%) City of St. Catharines (4.85%) Borealis Infrastructure[lower-alpha 1] (3.10%)[2] |
Number of employees | 1,600 (2017, projected[3]) |
| Subsidiaries |
Alectra Utilities Corporation Alectra Energy Solutions Inc. Collus PowerStream (50%) |
| Website |
www |
Alectra Incorporated, through its subsidiary Alectra Utilities Corporation, is the electricity utility and distributor that serves municipalities north and west of Toronto. The company was formed by the merger of the municipally-owned utilities Enersource (serving Mississauga), Horizon Utilities (serving Hamilton and St. Catharines), and PowerStream (serving portions of York Region and Simcoe County) on January 31, 2017.[4] The formation of the company was completed with the acquisition of Hydro One Brampton from the provincial government's Hydro One on February 28, 2017.[5]
When it was founded, Alectra was described as the second largest municipally-owned electricity utility in North America after the Los Angeles Department of Water and Power.[3]
Organization
The company is governed by a 13 member board of directors representing the municipalities and other shareholders which owned its predecessor companies. Municipal representatives make up 12 of those directors, consisting of: 3 directors from Mississauga, 3 from Vaughan, 2 from Hamilton, 2 from Markham, 1 from Barrie, and 1 from St. Catharines.[6]
Alectra continues to hold the 50% ownership stake, formerly held by PowerStream, in Collus PowerStream which services Collingwood and surrounding area.[7]
Employees of Alectra's predecessor companies had previously been represented by the Power Workers’ Union, the International Brotherhood of Electrical Workers, and Unifor. Following a vote on June 28, 2017 the majority of unionized employees of Alectra and its subsidiaries agreed to be represented solely by the Power Workers' Union.[8]
Service area
Single-tier municipalities
Niagara Region
Peel Region
Simcoe County
York Region
Notes
- ↑ Formerly held the remaining 10% of Enersource
References
- ↑ Simon, Chris (January 17, 2017). "Simcoe and York residents will save through hydro merger: Barrie mayor". Barrie Advance. Retrieved April 21, 2017.
- ↑ Craggs, Samantha (October 31, 2015). "Hamilton votes to merge Horizon with other hydro providers". CBC News. Retrieved April 21, 2017.
If it goes through, the power share will be as follows: Enersource Corporation (with Mississauga owning 27.9 per cent) will hold 31 per cent ownership. Vaughan: 20.84 per cent. Hamilton: 18.15. Markham: 15.72. Barrie: 9.43. St. Catharines: 4.85.
- 1 2 Werner, Kevin (January 16, 2017). "Horizon Utilities becomes Alectra creating second largest municipally-owned utility in North America". Hamilton Community News. Metroland Media Group. Retrieved April 21, 2017.
- ↑ "Enersource, Horizon Utilities, PowerStream Officially Become Alectra Inc." (PDF). January 31, 2017. Retrieved April 21, 2017.
- ↑ "Alectra Inc. Acquires Hydro One Brampton" (PDF). February 28, 2017. Retrieved April 21, 2017.
- ↑ Craggs, Samantha (January 16, 2017). "Hamilton residents won't notice much difference in new electricity merger". CBC News. Retrieved April 21, 2017.
- ↑ Adams, Ian (March 16, 2017). "Collingwood wants answers on Collus-Powerstream dividend". Collingwood Connection. Retrieved April 21, 2017.
In a letter to both the town and Alectra... Collus-Powerstream board secretary Pamela Hogg advised the company’s board of directors decided not to pay a dividend to the two shareholders for the 2015 fiscal year.
- ↑ "PWU Welcomes Alectra Employees Into Membership". Power Workers' Union. June 28, 2017. Retrieved August 3, 2017.