February 28, 2017 – Alectra Inc. has completed the acquisition of Hydro One Brampton from the Province of Ontario, creating the “largest municipally-owned electricity utility in Canada, based on the total number of customers served”.
As EBMag reported earlier, Alectra Inc. was formed on January 31, 2017 following the merger of Enersource, Horizon Utilities and PowerStream. The Hydro One Brampton acquisition completes the transaction, which was originally announced in 2015.
“Today we welcome Hydro One Brampton’s customers and employees to the Alectra Inc. family of energy companies,” said Alectra Inc. president and CEO Brian Bentz. “We are committed to providing best-in-class service to the residents and businesses in Brampton and across the entire Alectra service territory, and growing the value of the company to provide optimal returns for our shareholders.”