Alectra Inc. (Alectra) has applied to the Ontario Energy Board (OEB) for approval of the first phase (Phase 1) of a two-phase transaction involving Newmarket Hydro Holdings Inc. (Newmarket Hydro Holdings), Tay Hydro Inc. (Tay Hydro), and Newmarket Tay Power Distribution Ltd. (Newmarket-Tay Power). Alectra is the parent company of Alectra Utilities Corporation, an OEB licensed electricity distributor.
As part of Phase 1, Alectra would acquire control of Newmarket Hydro Holdings and subsequently amalgamate Newmarket Hydro Holdings, Tay Hydro, and Newmarket-Tay Power. The amalgamated company would continue to operate as a wholly owned subsidiary of Alectra under the name Newmarket-Tay Power Distribution Ltd.
Newmarket Hydro Holdings and Tay Hydro are holding companies that own 93% and 7%, respectively, of the issued and outstanding common shares of Newmarket-Tay Power, an OEB-licensed electricity distributor.
Following completion of Phase 1, Newmarket-Tay Power would continue to operate as a stand-alone electricity distributor under the same name. Alectra submits that the incremental one-time transaction and transition costs associated with the proposed Phase-1 transaction will not be funded by ratepayers.
At some future time, following the Phase 1 transaction, Alectra Utilities Corporation and Newmarket-Tay Power will file a Phase 2 application seeking leave to amalgamate and continue as operating as Alectra Utilities Corporation.
Type: MAADs - Short-form
This application will be heard using the MAADS: Section 86: Short-form performance standard (pdf). Find out more about the OEB Performance Standards for Processing Applications and use the Application Planning Tool to assist you with an estimate of the milestones in this proceeding.
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Participate
There are three ways to participate in the OEB hearing process: as an Intervenor, submitting a Letter of Comment or to Follow a Proceeding.
This table illustrates the different levels of participation. Find out more about participating in an OEB hearing, including becoming an intervenor.
| Participation Activities | Intervenor | Letter of Comment | Follow a Proceeding |
|---|---|---|---|
| Receive OEB-issued documents by email |  |  | |
| Submit a Letter of Comment | | | |
| Listen to live broadcast of the oral hearing | | | |
| Participate in oral hearing | | | |
| Present Evidence | | | |
| Respond to questions about evidence | | | |
| Ask other parties to the proceeding questions | | | |
| Provide argument | | | |
Submit a letter of comment
You can submit a letter of comment that will be considered by the panel deciding the application. Unless the notice states otherwise, your letter of comment will be accepted until the record of the proceeding is closed (which usually occurs with the filing of the applicant’s final reply argument). However, you are encouraged to submit your letter as early in the process as you can. Depending on timing of receipt of letters of comment, the applicant will typically provide a respond to the issues raised in those letters. Your letter will be provided directly to the panel of Commissioners who will be deciding whether the application is approved. The panel will consider your comments in reaching their decision. The panel will only be able to consider comments which relate to issues which are within the authority of the OEB and relevant to the issues being considered by the panel.
More about commenting and privacy
All letters of comment sent to the OEB are placed on the public record. This means the letters will be placed on our website. Before the letter of comment is placed on the public record, personal contact information contained in the address, phone number, and email address fields of this form is removed. The individual's name and the content of the letter will become part of the public record.
If you would like a response from the applicant, please send a copy of your letter directly to the applicant, including your personal contact information. The OEB removes your personal contact information from your letter for privacy reasons before it is posted to our website.