Any concerns about having to endure a lengthy dissertation from Rob Kent of Entegrus on the utility merger with St. Thomas Energy were quickly put to rest Monday evening.
And, we do mean quickly.
His presentation on the 15-month process to complete the merger, which was executed on April 1 of this year, came in at four seconds shy of two minutes.
That’s right, two minutes, with little in the way of enlightenment or answers to the many questions surrounding what is more a fire sale than a merger.
The city gets a 20.57 per cent stake in Entegrus Inc., meaning we will have little say in the operation of the entity. Continue reading
Introduced March 7 at Queen’s Park, a private members bill to shine a light on how funds in a Ministry of Natural Resources special purpose account are spent was shot down a day later.
The fund was initially established by the provincial Tories in the late 1990s, explained Elgin-Middlesex-London MPP Jeff Yurek.
“Back in 1997, the Mike Harris government created the fund as a way of expanding licences across the province, but also letting the hunters and anglers have a say in how resource management should be done.
However, handling of the fund has come under fire in recent years for the lack of transparency and questionable expenditures.
Yurek spent seven years working with the Aylmer Stakeholders Group, representing landowners and farmers, to have the provincial Liberals tighten up spending requirements for the fund, which collects $75 million annually in licensing fees from hunters and anglers. Continue reading
The governing bodies of the health units in St. Thomas/Elgin and Oxford county on Jan. 10 approved proceeding to the next level in merging the two bodies.
Locally, the health unit is the governing body and so municipal councils in St. Thomas and Elgin were not involved in any vote to move forward with the merger, whereas in Oxford the county serves as the governing body and municipal council had to approve a motion to proceed.
To be known as Oxford Elgin St. Thomas Health Unit, the new entity would serve approximately 204,000 residents.
A new, autonomous board would be composed of four representatives from Oxford and two each from St. Thomas and Elgin county. Continue reading
Did you check out the notice in your latest St. Thomas Energy bill? Seems like the utility merger with Entegrus out of Chatham-Kent is moving toward consummation early in the new year, with the new entity to be known as Entegrus Powerlines.
I guess when you only have a 20 per cent piece of the pie you don’t have any say in naming the beast.
And by coincidence, the merger is the subject of a report from city manager Wendell Graves on Monday’s council agenda.
It’s chock full of legalese and ratepayers have the right to a clear explanation of what is about to transpire on the eve of the merger.
More important, what are the long-term financial implications because this appears to be less a merger and more a fire sale.
So, we chatted with Graves on Friday as to what members of council are being asked to vote on as our elected representatives. Continue reading
As debate swirls around the province’s decision to raise the minimum wage in stages, beginning Jan. 1 of next year, the Kathleen Wynne government has not taken into account the impact on school bus operators, most notably small, independent firms that have safely transported students back and forth to classes for decades.
The Ontario School Bus Association (OSBA) estimates nearly one million Ontario families rely on school buses to get their children to school. The Wynne government’s push to hike the minimum wage could threaten the availability of bus service in the coming year. Continue reading
Municipal councils in St. Thomas and Chatham-Kent this week gave their blessing to the merger of St. Thomas Energy and Entegrus. The utility marriage now needs approval from the Ontario Energy Board (OEB), likely to happen late this year with a target merger date of Jan. 1, 2018.
However, neither the city treasurer nor the acting CEO at St. Thomas Energy are forthcoming with details on how the long-term debt – reported to be greater than $20 million – and the more than $5 million owing the city on the collection of water bills will be accounted for in the merger.
St. Thomas Energy will become a 20 per cent stakeholder in the new entity, which will service close to 60,000 customers in southwestern Ontario, making it the 11th largest utility in the province.