mknox
Well-Known Member
I don't know how it is in other jurisdictions, but Hydro Ottawa is essentially controlled by the city.
In Ontario, Local Distribution Companies (LDCs) are incorporated businesses that are regulated by the Ontario Energy Board. In most cases, the city they serve holds all of the shares in the company, but that is not always the case. There are some privately owned LDCs and some public/private partnerships. Canadian Niagara Power that serves Fort Erie was owned for many years by US based Niagara Mohawk, but it is now owned by Fortis. Hydro One's shareholder is the Province of Ontario, and they have been aggressively gobbling up smaller LDCs across the province through acquisition.
Regardless of ownership, there is not a lot the shareholder(s) can do to manipulate situations due to tight regulations, however, LDCs try to be good citizens of the areas they serve and cooperation between cities and electric utilities is usually quite good. After all, these LDCs rely on the cities for the right-of-ways and easements that are required.