Horizon Utilities has two shareholders: the City of Hamilton and the City of St. Catharines. If the business rationale for joining together has merit and the proposal goes ahead:
- Our shareholders would continue to receive sustainable income from regular dividends for years to come
- The value of the public utility would be enhanced by its size, attractive markets served, and the ability to earn stable returns, and
- Our shareholders would retain a say in a larger company that would have no majority or controlling shareholder
In other words, Hamilton and St. Catharines would own a more valuable asset.