Alectra

Alectra Incorporated
Municipally owned corporation
Industry Electricity distribution
Predecessors Enersource
Horizon Utilities
PowerStream
Hydro One Brampton
Founded January 31, 2017 (2017-01-31) 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%)
OMERS Infrastructure[lower-alpha 1] (3.10%)[2]
Number of employees
 1,600 (2017, projected[3])
Subsidiaries Alectra Utilities Corporation
Alectra Energy Solutions Inc.
Website alectrautilities.com
Alectra office in Markham

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, based on the total number of customers served (over 3.2 million customers based on population from communities served), 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: 4 directors from Mississauga, 3 from Vaughan, 2 from Hamilton, 2 from Markham, 1 from Barrie, and 1 from St. Catharines.[6]

Following the merger, Alectra continued to hold the 50% ownership stake formerly held by PowerStream in Collus PowerStream (which services Collingwood and surrounding area) until 2017.[7] Alectra announced on November 9, 2017 that it was selling its ownership stake in Collus PowerStream back to the Town of Collingwood, with the Town announcing that it was selling Collus PowerStream to EPCOR Utilities.[8]

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.[9]

Service area

Single-tier municipalities

Niagara Region

Peel Region

Simcoe County

York Region

Notes

  1. ↑ Held the remaining 10% of Enersource; formerly known as Borealis Infrastructure

References

  1. ↑ Simon, Chris (January 17, 2017). "Simcoe and York residents will save through hydro merger: Barrie mayor". Barrie Advance. Retrieved April 21, 2017.
  2. ↑ 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.
  3. 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.
  4. ↑ "Enersource, Horizon Utilities, PowerStream Officially Become Alectra Inc" (PDF). January 31, 2017. Retrieved April 21, 2017.
  5. ↑ "Alectra Inc. Acquires Hydro One Brampton" (PDF). February 28, 2017. Retrieved April 21, 2017.
  6. ↑ Craggs, Samantha (January 16, 2017). "Hamilton residents won't notice much difference in new electricity merger". CBC News. Retrieved April 21, 2017.
  7. ↑ 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.
  8. ↑ Walker, Mike (November 9, 2017). "EPCOR to become new utility provider in Collingwood area after Alectra sells shares to town". CTV News Barrie. Retrieved February 19, 2018.
  9. ↑ "PWU Welcomes Alectra Employees Into Membership". Power Workers' Union. June 28, 2017. Retrieved August 3, 2017.

See also

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