Mississauga, Ontario: Alectra Inc. announced in February that it had completed the acquisition of Hydro One Brampton from the Province of Ontario, thereby creating the largest municipally-owned electricity utility in Canada, based on the total number of customers served.
Alectra Inc. was formed on January 31, 2017 following the merger of Enersource, Horizon Utilities and PowerStream. The Hydro One Brampton acquisition completes the transaction, which was originally announced in 2015.
Alectra Inc., through its subsidiary Alectra Utilities Corporation, serves approximately one million homes and businesses in the Greater Golden Horseshoe Area. Efficiencies expected over time will result in reducing pressure on customer distribution rates, improved customer service and system reliability and more robust emergency response capabilities for inclement weather.
Alectra will also increase investments in innovation and technologies, providing better energy choices for customers in its service territory and beyond.