A June tradition, Guelph city council will sit as the shareholder for both Guelph Municipal Holdings Inc. and Guelph Junction Railway. These two business entities are like Crown corporations for Guelph, representing our shares of Alectra Utilities and several kilometres of train tracks in the city respectively. Both of these meetings will cover the annual reports for these companies, so keep reading to see what’s in them!
NOTE #1: Delegates will be able to appear at these meeting in-person or via tele-presense but you do have to register with the clerks office before 10 am on Friday June 19. You can also submit written delegations and correspondences for agenda items.
NOTE #2: In addition to meeting in-person, this meeting will also be live-streamed on the City of Guelph’s website here.
Note #3: These meetings will start at the special times of 3:30 pm and 4:30 pm respectively.
Shareholder of Guelph Municipal Holdings Inc.
Guelph Municipal Holdings Inc.: 2025 Annual Report and Financial Reporting to Shareholders – In 2025, Alecra Utilities generated almost $11 million in equity earnings, and the equity that GMHI has in the utility is up by $5.3 million compared to 2024. What does this mean in terms of the annual dividend? GMHI received $3.7 million for the year, which is about the same as the year before but technically $100,000 less than in 2024. The annual report also notes that the GMHI board developed and approved a new mandate last year, and that Alectra will be pursuing a major 2027–2031 rate application focused on grid modernization and infrastructure.
See the complete agenda on the City of Guelph website here.
Shareholder of Guelph Junction Railway Limited
Guelph Junction Railway Limited 2025 Annual Report and Financial Reporting to the Shareholder – In terms of operations, the report notes that the number of cars transported in the last year was down four per cent last year, but the blame for that is put mainly on the trade war. In any event, GJR continued with maintenance, replacements and upgrades including 2,285 track ties, 164 switch ties, and 14 head block ties; installed 1,800 tonnes of new ballast, plus they disposed of 350 tonnes of scrap ties. There was also some trails work including the completion of the Woodlawn Road to Woolwich Street multi-use trail, plus work on Heffernan Street Bridge safety upgrades and the Macdonell/Allan’s Structures Environmental Assessment. As for the money, the dividend back to the City for 2025 was $240,000, which is higher than the $202,000 budgeted. The City’s investment in GJR also grew by $2.2 million last year.
Guelph Politico 