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
Linda Stevenson’s trip to city hall this past Monday (July 16) ensured the sitting council would not be in a lame duck position to close out the term.
Stevenson filed her nomination papers, signalling her intention to seek a second term on council. The following day, Mayor Heather Jackson entered the now-crowded mayoral race, leaving only Coun. Mark Burgess as the lone question mark for the Oct. 22 municipal vote.
Following her official business at the clerk’s counter, we talked with Stevenson at length about her initial four years in the council chamber and her expectations for the future.
“I enjoyed the first term a lot,” advised Stevenson. “I think it was a good working council. We got a lot of work done. A lot of faith in staff bringing forward reports that were full and the information was good so we can make good planning decisions. Continue reading
What lies ahead for the Alma College property might very well come into sharper focus this fall. London developer Gino Reale is optimistic such is the case.
Speaking to him from his home Friday, Reale was upbeat.
“There have been a lot of positive discussions. We’re getting close to some resolutions. But nothing has been inked.”
While he was unable to reveal details at this time, Reale said discussions are underway with a group on the possibility of constructing a small recreation centre on the Moore Street property geared to seniors. Part of the green space could be utilized for a community garden, suggested Reale. Continue reading
With a 322-page agenda plus several deputations and presentations to deal with, members of council won’t be putting the wraps on Monday’s council meeting in 45 minutes or less, as is often the case.
Especially if they do what they are paid to do and represent St. Thomas ratepayers. Forget lobbing softballs and ask the tough questions. Forget the platitudes to staff about a job well done on this report or that. Of course the report is exceptional, that’s the job of staff at city hall and they do it well.
For instance, how about the city’s consolidated financial report for 2016. We’ll point you in the right direction at Page 275. 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
There was more pruning over at Ascent/St. Thomas Energy this week, leaving the city’s utility pared back to the bone.
A release issued Thursday announced Alltrade Industrial Contractors Inc. of Cambridge, Ont., had acquired Ascent Utility Solutions for an undisclosed amount.
This small division of Ascent dealt with traffic and streetlights in the Greater Toronto Area and employed four or five non-union staff and any union staff were retained through a union hiring hall, according to Ascent acting CEO Rob Kent.
Alltrade operates in numerous sectors including automotive, food and beverage, manufacturing and its energy group works within the renewable energy sector, solar, water and wind and within the power and utilities sector.
The transaction does not include St. Thomas Energy, the local distribution company owned by the city and Ascent Energy Services which deals in fibre optics and provides IT services in the city. Continue reading
After steadfastly refusing last week to allow us access to St. Thomas-Elgin General Hospital board of governors chairwoman Melanie Taylor, a change of heart – sort of – this week.
To recap, Coun. Linda Stevenson – the city’s representative on the board of governors – has tendered her resignation over allegations Taylor is attempting to circumvent a CEO salary cap imposed on STEGH and all hospitals in the province in order to make the position more “competitive.”
STEGH administrators won’t cut Taylor loose to respond to Stevenson, instead we are in receipt of a carefully crafted statement from Cathy Crane, vice-chair, on behalf of the STEGH board of governors. Continue reading