Cambridge and North Dumfries Hydro buys Brant County Power
- The sale of Brant County Power Inc. BCP to Cambridge and North Dumfries Hydro Inc. CND was approved on October 30th, when the Ontario Energy Board OEB issued its Decision and Order, endorsing the purchase to proceed. The transaction is expected to close on November 28, 2014.
“We are pleased that, after a public and detailed review process, the OEB issued a favorable decision in support of the joining together of the two utilities,” said Ian Miles, President & CEO of Cambridge and North Dumfries Hydro Inc. Cambridge and North Dumfries Hydro Inc. and Brant County Power jointly filed applications to the OEB in June 2014. “The OEB approval includes the sale of all issued and outstanding shares of BCP to CND. CND will amend its distribution licence to include BCP’s service area and BCP’s distribution licence will be cancelled.”
As the electricity industry’s regulator, the OEB has a mandate to protect the interests of electricity consumers and to be guided by the “no harm” test. The “no harm” test involved careful and thorough consideration of all proposed transactions and the effect on the interests of consumers with respect to prices and the adequacy, reliability and quality of electricity service.
In issuing its decision, the OEB board staff stated that, “Cambridge has provided a well–delineated account of where it expects to achieve cost savings and operational efficiencies through the proposed transaction and an outline of expected capital expenditure savings”. OEB concluded that the “no harm” test had been met and approved the application.
When completed, the purchase of Brant County Power Inc. will add approximately 10,000 customers a 20 percent increase to Cambridge and North Dumfries Hydro Inc.Â’s current 52,500 customer base.
Related News

Franklin Energy and Consumers Energy Support Small Businesses During COVID-19 with Virtual Energy Coaching
PORT WASHINGTON - Franklin Energy, a leading provider in energy efficiency and grid optimization solutions, announced today that they will implement Consumers Energy's Small Business Virtual Energy Coaching Service in response to the COVID-19 pandemic.
This Michigan-wide offering to natural gas, electric and combination small business customers provides a complimentary virtual energy-coaching service to help small businesses find ways to benefit from a reduction in their utility costs, both now during COVID-19 and into the future. To be eligible for the program, small businesses must have electric usage at or below 1,200,000 kWh annually and gas usage at or below 15,000…