As noted on this microblog a month ago, the Ontario Energy Board is approved the Horizon Utilities mega-merger.
Today, the new utility's name was unveiled as "Alectra" with the slogan "Discover the Possibilities".
The new utility launches on February 1, 2017.
Mayor Fred Eisenberger will receive $35,000 year from the utility 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.