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Four Utility Companies to Merge to Create Alectra

4 utilities

Attention residents of Alliston, Aurora, Barrie, Beeton, Brampton, Bradford, Hamilton, Markham, Mississauga, Penetanguishene, Richmond Hill, St. Catharines, Thornton, Tottenham and Vaughan. Your utility company will soon have a new name!

According to a representative from PowerStream Inc., the utility companies Enersource Corporation, Horizon Utilities Corporation and PowerStream have entered into an agreement to merge effective February 1, 2017, purchase Hydro One Brampton Networks Inc. on February 28, 2017 and will begin to operate under the name of Alectra Utilities Corporation. This will involve the subsidiaries of all of these parties.

But don’t worry; there won’t be any drastic changes to how you pay for your utilities, you will just see a different name on your bill.  According to this report by CTV News, this merger may actually save you money in the long run!

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