A busy month at council rolls on with a short, but consequential, meeting concerning the organization of the Guelph Hydro board of directors.
GMHI-2017.3 Amendment to the Composition of the GHESI Board of Directors – As you may have heard, the Guelph Hydro Electric Systems Inc. is presently exploring the possibility of a merger with another local distribution company. The progress on this endeavour will not be discussed at this meeting (at least not in the open session), but council, as shareholder for Guelph Municipal Holdings Inc., is being asked to pass a motion to remove members of council from the Hydro board temporarily until any merger talks are complete, and until the re-organization of GMHI can be finalized. Presently, Mike Salisbury and Phil Allt sit on the GHESI board.
CLOSED MEETING – Strategies and Options Committee Update on Business Cases for Potential Mergers