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Tag: Grimsby Power

The Hydro Files: Part 2 – One Small Town, Five Hydro Boards

While in attendance at the July 16, 2018 Council meeting, we noted one item on the agenda whose timing was a little puzzling.  This item was a recommendation from the “Working Committee Board of Directors for Niagara Power” with a list of the Town’s various hydro boards and individuals who were recommended to serve on them.  Given that the election was just a few months away, we began wondering why 2 and 3-year terms appeared on the agenda and started thinking about these Boards of Directors.

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The Hydro Files: Part 1 – Houston, We Have A Number

…and a problem. Well we in fact have a few numbers, not just one… from the elusive web of Town hydro companies. On October 9, 2018 the Town’s 2017 financial statements were presented to the Admin & Finance Committee for their approval.  Why is that interesting?  Because it gave us a small window into what has been happening with the finances of the companies in the hydro group.

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