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Local Power

A Proposed Merger Between Kitchener-Wilmot Hydro and Waterloo North Hydro

Like several other local power utilities in communities across Ontario, Kitchener-Wilmot Hydro and Waterloo North Hydro are considering taking the next step in their ongoing collaboration efforts by combining operations to create a larger, local and publicly-owned power utility that will provide reliable service, invest in new technologies, generate cost savings through operational efficiencies and keep local jobs in our communities.

Putting Customers First

With a proposed neighbouring service territory serving the municipalities of Kitchener, Waterloo, Wellesley, Wilmot and Woolwich, customers will benefit from having a larger, local and publicly-owned utility that can maintain the highest quality of service for customers while having the capacity to modernize and adapt to significant changes in Ontario’s electricity sector.

Supporting Local Power

Delivering Service Customers Rely On

A merger would result in the same – or better – level of service quality and reliability.

Committing To A Smooth Transition For Customers

If passed, Kitchener-Wilmot Hydro and Waterloo North Hydro are committed to ensuring the smoothest transition possible throughout the merger process.

Saving Customers Money

The size and stability of the proposed utility will help ensure distribution rates remain competitive and stable for customers.

Streamlining For Efficiency – And Cost Savings

By the third year after the merger, we project the combined utility could save as much as $2.9 million/year through streamlining and efficiencies. This will help keep costs as low as possible while returning higher dividends to municipalities, which can then be re-invested in their communities.

Advancing Local Power

Reinvesting In Local Communities

Residents stand to benefit from the larger, local and publicly-owned utility as municipalities are projected to receive a return of approximately $15 million in incremental dividends and interest over the 20-year period following the merger. Municipalities can re-invest these dividends into local services that residents rely on.

Helping To Attract Local Economic Development

We believe having a larger, local and publicly-owned utility that delivers reliable and affordable service will help attract economic development, meaning more job opportunities for residents in our communities.

Protecting Local Power

Keeping Local Jobs In Our Communities

This proposed merger would create a larger entity that has a greater ability to attract talent in an increasingly competitive labour market.

Keeping Public Oversight With Fair Representation

Residents, through the five municipal stakeholders involved in the merger, will continue to have oversight of their local power utility. Each municipality will receive proportional ownership in the combined utility and representation on the new Board of Directors.

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complete fact sheet

Project timeline

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Have Your Say!

We are interested in hearing from you as we begin to navigate the start of this joint operation. Residents are encouraged to share their feedback and inquiries using this form.