The OEB concluded that the transaction met the no harm test. More specifically, the OEB found that customers will not be harmed by the transaction in the short term and will, in fact, be better off and will likely benefit from enduring benefits of scale in the long term.
OEB Grants Approval For Creation Of Ontario's Second-Largest Electricity Distributor
The Ontario Energy Board has issued a decision approving an application by Enersource Hydro Mississauga Inc., Horizon Utilities Corporation and PowerStream Inc. for approval to merge, and for the merged entity, "LDC Co," to purchase and merge with Hydro One Brampton Networks Inc.
Join in on the conversation with Alex Masters Lecky when you subscribe to PEAK DEMAND.