Barrie Hydro merger a done deal
BARRIE, ONTARIO - An agreement to merge the electric utilities that provide power to three southern Ontario cities has been completed.
The merger of Barrie Hydro Distribution Inc. and PowerStream Inc. creates the second-largest electrical distribution company in Ontario.
The new entity, called PowerStream Barrie Hydro Distribution, will serve some 310,000 homes and businesses in the cities of Barrie, Markham and Vaughan.
The merger follows nearly two years of discussions between PowerStream and Barrie Hydro as part of their growth strategies.
Merger negotiations began in April 2008.
Hydro One is Ontario's largest electricity distributor, serving about 1.3 million rural and urban customers.
Related News
Parisians vote to ban rental e-scooters from French capital by huge margin
PARIS - Parisians have voted to rid the streets of the French capital of rental electric scooters, with an overwhelming 90% of votes cast supporting a ban, official results show.
Paris was a pioneer when it introduced e-scooters, or trottinettes, in 2018 as the city’s authorities sought to promote non-polluting forms of urban transport.
But as the two-wheeled vehicles grew in popularity, especially among young people, so did the number of accidents: in 2022, three people died and 459 were injured in e-scooter accidents in Paris.
In what was billed as a “public consultation” voters were asked: “For or against self-service scooters?”
Twenty-one polling…
