Lots of red ink, but rest assured nothing will be written off


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With municipal councils in St. Thomas and Chatham-Kent having approved the merger of St. Thomas Energy and Entegrus, all that is required is the go-ahead from the Ontario Energy Board (OEB), likely to happen late this year with a target merger date of Jan. 1, 2018.
Oh, and there is that prickly matter of a not insignificant amount of long-term debt run up by Ascent Group, St. Thomas Energy’s parent – city treasurer David Aristone refers to it as bank debt – and in excess of $5 million owed the municipality for the collection of water bills dating back to at least 2014.
It’s not a subject open to much in the way of discussion by either Aristone or St. Thomas Energy acting CEO Rob Kent. 

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You have been forewarned, this ain’t her first St. Thomas rodeo


city_scope_logo-cmykQuestion for you. What’s a common factor in the demolition of a building and demolition of end-of-life vehicles? Well, in St. Thomas that would be Valerie M’Garry.
For nearly a decade, the London lawyer has steered her client – Sutherland Press building owner David McGee – through the court system, deflecting at every turn attempts by the city to demolish the structure built in 1913.
Twice this year, the hearings have stalled due to M’Garry’s ill health, but at the most recent appearance Ontario Superior Court Justice Peter Hockin left no doubt as to what lies ahead in the Sutherland Saga: the matter will be addressed May 24 with or without M’Garry.
“Mr. McGee should take that into account,” cautioned Hockin.

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Interpreting Ascent deal through our ‘filters’


city_scope_logo-cmykThree members of council are in favour of keeping the people who elected them to office in the dark about the comings and goings at Ascent, formerly known as St. Thomas Energy.
Well actually it may only be two but we’ll get to that in a moment.
The trio, Mayor Heather Jackson and councillors Gary Clarke and Linda Stevenson sit on the Ascent board of directors which met May 26 to deal with the sale of its Ascent Solutions division to Spark Power of Oakville.
Included in the deal are Tillsonburg-based Tiltran — acquired by Ascent in 2007 — and Belleville operation Tal Trees — acquired in 2009.
This corner — and we’re sure many ratepayers — would like financial disclosure on the sale.
Guess what, that is not about to happen. Continue reading