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
As of 2 p.m. yesterday (July 27) the window of opportunity to file nomination papers for the Oct. 22 municipal vote closed. The lineups are set, let the serious campaigning begin.
There were no new additions in the mayoral race at the deadline, so incumbent Heather Jackson will be challenged by Coun. Steve Wookey, former MP Joe Preston and musician/small business advisor Malichi Male.
In the hours and days leading up to yesterday’s deadline, the ranks of councillors seeking re-election and those vying for one of eight seats up for grabs swelled to 19.
Late entries include former alderman Lori Baldwin-Sands; Lesley Buchanan, St. Thomas Cemetery Company manager; Greg Graham; Rose Gibson in her fifth attempt to gain a seat; John Laverty, long associated with St. Thomas Energy/Ascent Group; Michael Manary, who unsuccessfully campaigned in 2006 and 2014; James Murray; and Kevin Smith. Continue reading
That buzzing and crackling sound audible earlier this week was the rumor mill churning full tilt at the prospect of London Hydro and St. Thomas Energy uniting in utility bliss.
Mum’s the word from the potential partners, however the picture may come into better focus following a special in-camera meeting Tuesday where St. Thomas council – sole shareholders of parent company Ascent Group – will be briefed on the findings of Grant Thornton, the financial consultants hired by the city to explore merger partners.
Their suitor search has been completed, advised Ascent Group board chairman John Laverty on Tuesday, and they “are in the middle of putting together a summary that is to be presented to the Ascent Group board and city council.” Continue reading
No backroom wheeling and dealing this time around. When his five-year contract expires in October, St. Thomas Elgin General Hospital president and CEO Paul Collins is holding true to his word.
No contract extension – step aside and make way for a new hand at the helm.
“As I announced five years ago when we negotiated the contract, that would be my last and we’re sticking to the plan,” Collins insisted.
Not that he is necessarily bidding farewell to the world he loves.
In a lengthy conversation earlier this month, Collins spoke frankly of the future.
“I think I still have something to offer in health care. I have a great passion for this work. Who knows what opportunity will present itself. Leave the options open.”
And what words of wisdom will he pass on to the incoming CEO?
“The first thing I would say is they are very fortunate to come into a great community that has tremendous generosity. And they’ve shown it not to just this hospital, but to a lot of other agencies.
Is the latest grim news over at Ascent in reality a turning point for the beleaguered St. Thomas utility?
In a phone conversation Friday with acting CEO John Laverty, he confirmed rumors swirling on social media of further layoffs.
“We had a small number of folks we let go,” noted Laverty, “but we added the same number back in different areas of the company. So the net loss to the corporation is zero.
“It’s realigning some of the business units, ones that were not being financially productive and we were running out of work for them. Continue reading
The subject of sole source contracting in relation to Ascent — the city’s electric utility — was touched upon briefly at Tuesday’s council meeting and it’s a path fraught with danger.
For some time now Mayor Heather Jackson has been an advocate — along with former alderman Gord Campbell, who also sat on the Ascent board of directors — of simply awarding all job-appropriate contracts to the city-owned utility without proceeding through a tendering process.
For the second time this year Ascent has lost out on a city tender, in this case replacement of all street lighting with LED lamps. The winning bid came from Ingersoll-based ERTH, which came in at more than $600,000 lower than the Ascent tender. Continue reading