PowerStream and Barrie Hydro Distribution complete C$800 million amalgamation
December 31, 2008
800.00 Million CAD
On December 31, 2008, PowerSteam Inc. and Barrie Hydro Distribution Inc. amalgamated their electricity distribution businesses to form PowerStream Inc., the second largest municipally owned electricity distribution company in Ontario, creating a utility with C$800 million in combined assets providing service to more than 310,000 residential and business customers in Simcoe County and York Region.
McCarthy Tétrault LLP represented Barrie Hydro Distribution, with a team led by Michael Weizman.