Today, a Memorandum of Understanding was signed by the parent companies of three local distribution companies that could change the way Durham residents pay for hydro.
John Henry, Mayor of Oshawa
“It’s about creating one really regional public utilities for hydro”
Oshawa Power and Utilities Corporation has entered into a Memorandum of Understanding to explore the potential benefits of joining three electric utility and energy companies.
“A discussion is taking place about the possible merger of Whitby Hydro, Oshawa PUC and Veridian Corporation that this morning information sessions were held and at all three locations to talk to the staff of each of the organizations to discuss the possibility of merging.
It’s nonbinding, it’s a discussion that is about the happen.”
The three companies are municipally-owned. If consolidated, it would form the fifth largest municipally owned electricity utility in Ontario.
“This gives us a larger voice if the merger goes together, if it does or doesn’t we may still have some challenges but at least we will be heard.
This is about making sure that the residents of our region and Oshawa s region still have a voice and in the days to come we will see evaluation of utilities and a potential format of government structure of how it will run and how it will function”
The public will have opportunities to provide input on the discussions.
A website also allows the public to submit questions.
“Our utilities are going to host two public meetings where people can come out and have that discussion.
Nobody is losing their jobs today, it’s not about that it’s simply about having a discussion about creating a utility that would be a Durham region style utility, bringing everything into one house”
Together, the three companies service more than 220,000 customers.