“If we didn’t believe this proposed merger was good for our customers and communities, we wouldn’t be supporting it.”
The merged entity will deliver efficiencies and economies of scale that would ultimately translate into savings for ratepayers while maintaining the same safe and reliable service we have today.
Our billing service is an excellent example. Each of the four utilities currently has its own billing system, and Horizon Utilities would have to invest about $20 million to update ours if we did not merge. However, PowerStream, one of our proposed partners, recently invested in a new, innovative billing system.
We’d all share that asset, and thereby save money, in the merged company – a significant efficiency that will keep rates as low as possible while sustaining the dividends we pay to our shareholders.
All current Horizon service centers will continue to operate as is – service requirements are mandated by the OEB.