Horizon Utility Merger Approved by Ontario Energy Board

By Joey Coleman // @JoeyColeman
Published: Dec 19 2016 (5 months ago) // Last Updated: Dec 19 2016 (5 months ago)

As expected, the Ontario Energy Board is approving the merger of Horizon Utilities with Enersource, Hydro One Brampton, and Powerstream.

In a ruling, and license, issued on December 8, the OEB granted final approval of the merger plan.

The plan has been in the works for the past two years. The hope in merging the municipally owned utilities of Mississauga, Brampton, Barrie, Markham, and Vaughan is that an efficiency of scale will result and residents served by the new utility will see savings.

For Hamilton Mayor Fred Eisenberger, the merger means another pay raise.

Kevin Werner broke the news - not revealed by the Mayor while pushing the merger - that Eisenberger will make over $35,000 per year as a director of the new utility. This is in addition to his $171,441 base salary.

With the pay raise, Mayor Eisenberger joins a small club of $200,000 plus mayors - and will make more than Toronto Mayor John Tory.

Mayor Tory was paid $182,637 in 2015 and received no further compensation for his mayoral responsibilities to sit on municipal boards and agencies.

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