Collingwood Council and town administration are in trouble. The Ontario Energy Board (OEB) is investigating them and their recent activities with regards to Collus-PowerStream and its board of directors. This is not good news for those at the table or those behind the scenes who guided their hands.
A letter was unexpectedly added to the agenda for the Wednesday, Sept. 21 Strategic Initiatives standing committee from the OEB. It reads in part:
…the Ontario Energy Board (OEB) is commencing an inspection under the Ontario Energy Board Act, 1998 (Act) to review Collus (PowerStream Corp.’s (Collus) compliance with the Affiliate Relationships Code for Electricity Distributors and Transmitters (ARC).
The OEB was recently made aware of changes made in the composition of the Board of Directors of Callus, and through this inspection will review whether Collus is in compliance with section 2.1.2 of the ARC. That section requires that at least one-third of the Board of Directors of a licensed electricity distributor be independent of any affiliate.
We plan to commence this inspection with a meeting at your offices in Collingwood.
During that meeting, you should be prepared to provide information about the current members of the Collus Board of Directors. This includes, for each member, the date of their appointment, the term of their appointment, their relationship to any entity that is an affiliate of Collus and their qualifications, as well as any other details that may be relevant to our inspection.
But that letter wasn’t sent to the town. It was sent to Collus-PowerStream. The meeting will be at the Collus offices, not town hall, with Collus staff, not the interim CAO. So the utility has the opportunity to finally tell its side of the story without interference from town administration or their pet consultants and lawyers. The prevarications and disinformation about Collus presented to council and the public in the past will be exposed.
This is serious. The OEB is heavy artillery in the energy sector. They aren’t those little one-and two-person consultants or chequebook lawyers the administration has hired to fudge the facts and justify The Block’s destruction of our utility. The truth will come out at last.
1,150 total views, no views today