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Alectra Rigida
Alectra Incorporated, through its subsidiary Alectra Utilities Corporation, is an electric utility, electricity utility and Electricity retailing, distributor that serves several municipalities in the Golden Horseshoe region of Ontario. It is a municipally owned corporation with shares in varying amounts held by the municipalities which owned its predecessor companies. When it was founded, Alectra was described as the second largest municipally-owned electricity utility in North America after the Los Angeles Department of Water and Power. As of January 2019 it is the largest municipally-owned electricity utility in Canada, by number of customers served. Formation and expansion Alectra was formed on January 31, 2017 by the merger of the municipally-owned utilities Enersource (serving Mississauga), Horizon Utilities (serving Hamilton, Ontario, Hamilton and St. Catharines), and PowerStream (serving portions of York Region and Simcoe County). The initial formation of the company was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Municipally Owned Corporation
A municipally owned corporation is a corporation owned by a municipality. They are typically "organisations with independent corporate status, managed by an executive board appointed primarily by local government officials, and with majority public ownership." Some municipally owned corporations rely on revenue from user fees, distinguishing them from Government agency, agencies and special districts funded through taxation. Municipally owned corporations may also differ from local bureaucracies in funding, transaction costs, financial scrutiny, labour rights, permission to operate outside their jurisdiction, and, under some circumstances, in rights to make profits and risk of bankruptcy. The causes and effects of municipally owned corporations are posited to be different from those of state-owned enterprises. Corporatization may be more utilised locally rather than nationally allowing more hybrid or flexible forms of public service delivery such as public-private partnerships and in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
