Utilities

[Rainrider22]

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

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.

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.

Sounds to me like Vinay Sharma has been living in a vacuum.(is London that far off the grid?)  Why would we give up our utilities and the profits that are utilized to offset budgets here.  There would be a lot of resistance to our leaders if they even considered this plan I suspect.