June 17, 2014
Guelph City Council has approved in principle the amalgamation of its municipal holding company, Guelph Municipal Holdings Inc. (GMHI) with Guelph Hydro Inc.(GHI).
Council’s approval is subject to its satisfaction with GMHI’s due diligence and business case for amalgamation, which will be presented to Council this August.
The City of Guelph is GMHI’s sole shareholder. GMHI is, in turn, the sole shareholder of Guelph Hydro Inc. – a holding company for the regulated utility Guelph Hydro Electric Systems Inc. (GHESI) and the unregulated company Envida Community Energy Inc.
To view the full press release, click here.
For more information:
City of Guelph
City Hall, 1 Carden St
Canada, N1H 3A1