Application to change the ownership of Collus PowerStream Corp.

EB-2017-0373

The Corporation of the Town of Collingwood and EPCOR Collingwood Distribution Corp. have applied to the Ontario Energy Board for approval of two share purchase transactions that would result in EPCOR Collingwood Distribution Corp. becoming the new owner of Collus PowerStream Corp.

The Corporation of the Town of Collingwood would first purchase the shares of Collingwood PowerStream Utility Services Corp., the holding company of Collus PowerStream Corp., currently owned by Alectra Utilities Corporation for $13.1 million. EPCOR Collingwood Distribution Corp. would then purchase all of the shares of Collingwood PowerStream Utility Services Corp. from the Corporation of the Town of Collingwood for $25 million, and assume the funding of Collus PowerStream Corp.’s existing debt. According to the application, ratepayers will not pay the transaction costs or any of the premium paid as part of the purchase price by EPCOR Collingwood Distribution Corp.

EPCOR Collingwood Distribution Corp. has also requested approval of a one percent reduction in Collus PowerStream Corp.’s 2017 electricity distribution rates for residential customers, to be in effect for five years from the completion of the transactions.

The Ontario Energy Board will hold a combined public hearing to consider the applications filed by each of the Corporation of the Town of Collingwood and EPCOR Collingwood Distribution Corp.

Type
MAADs
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Submit a letter of comment

You can submit a letter of comment that will be considered by the Board deciding the application. Unless the notice states otherwise, your letter of comment must be received by the Board no later than 60 days after the publication or service date of the notice for the application.

Your letter will be provided directly to the panel of Board members who will be deciding whether the application is approved. The panel will consider your comments in reaching their decision. In reaching its decision, the panel will only be able to consider comments which relate to issues which are within the authority of the Board and relevant to the issues being considered by the panel.

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More about commenting and privacy
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Or mail the below address with the reference number EB-2017-0373

Ontario Energy Board
P.O. Box 2319
2300 Yonge Street, 27th Floor
Toronto ON M4P 1E4
Attn: Ms. Kirsten Walli, Board Secretary