Sizzle and sparks at prospect of London-St. Thomas utility union


city_scope_logo-cmykThat 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