October 29, 2014 – Guelph Hydro Inc. announced it was recently amalgamated with Guelph Municipal Holdings Inc. Owned by the City of Guelph, Ont., Guelph Municipal Holdings Inc. manages selected city assets.

As a result of the amalgamation, the holding company’s portfolio now consists of Guelph Hydro Electric Systems Inc. and Envida Community Energy Inc., which were formerly held by Guelph Hydro Inc.

Barry Chuddy has been named CEO of Guelph Municipal Holdings Inc. and will serve as president of Guelph Hydro Electric Systems Inc. Pankaj Sardana has been appointed CFO of Guelph Municipal Holdings Inc. and its subsidiaries. Ron Collins will serve as vice-president, business development & partnerships.

Guelph Municipal Holdings Inc. adds it is “actively seeking out partnerships, investments and acquisitions that will add value, improve service, and support effective and forward-thinking city building”. While the focus to-date has been on energy-related corporations supporting the Guelph Community Energy Initiative, Guelph Municipal Holdings Inc. is “currently investigating rail services, land development and other strategic interests”.