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

Will tire-kickers appreciate the new, pared-back Ascent model?

city_scope_logo-cmykThere 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

Imposed salary cap, hey we can dance around that

city_scope_logo-cmykNo disrespect to the hospital’s vice-president, but you can bet Nancy Whitmore was anything but the first choice to replace out-going president and CEO Paul Collins who exits on Oct. 31.

Whitmore will take over the helm in November, but the hospital board of directors did not hire healthcare recruitment firm The MedFall Group only to have them say look from within.

Back in March of this year we talked to board chair Melanie Taylor who asserted the hunt for a new president and CEO would be far-reaching.

“We’re looking to retain the best possible talent who could come from someplace other than southwestern Ontario,” advised Taylor. Continue reading

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