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Merger Resources

Whitby Hydro and Veridian are moving forward on the proposed merger of our two utilities. This page is where you will find the various documents and materials that have been prepared in relation to the potential merger, including review and analysis materials, our Memorandum of Understanding, and information related to the MAAD application:

  • Memorandum of Understanding executed on July 17, 2017 confirming the intent of both Whitby Hydro and Veridian to evaluate a potential merger (July 17, 2017)
  • Business Case Summary outlining details about shares and dividends, electricity rates, governance, and a risk/benefit analysis of the merger which was presented to municipal shareholders (April 3, 2018)
  • Fairness Opinion offering an independent professional opinion that concludes the merger agreement is fair, from a financial perspective, to the municipal shareholders (April 3, 2018)
  • Mergers, Acquisitions, Amalgamations and Divestitures (MAAD) application submitted to the Ontario Energy Board for regulatory review and approval (July 30, 2018)
  • OEB Notice of Public Hearing outlining details of the public hearing process regarding the proposed merger of Whitby Hydro and Veridian (September 13, 2018)