Penetangore Regional Economic Development Corporation (PREDC)

Penetangore Regional Economic Development Corporation (PREDC)

August 08, 2012 03:00 ET

Municipal Councils Exploring Opportunity for Local Operation of Natural Gas Distribution Business

KINCARDINE, ONTARIO--(Marketwire - Aug. 8, 2012) - During separate closed sessions of the three participating Councils of the Municipalities of Arran-Elderslie, Township of Huron-Kinloss and Kincardine it was voted unanimously in favour to explore the potential of developing a joint municipal public utility for gas distribution. This appears to provide the greatest value to this region and for success of this project.

Based on previous Council resolutions adopted by the three participating municipalities, the natural gas committee was requested to investigate various natural gas distribution models (Private, Private-Public and Local Distribution Company-LDC) as potential solutions. To date, the LDC approach has emerged as the most favourable path to investigate.

To assist in the evaluation of this opportunity, the Municipal Services Board of Bruce Telecom has been asked to participate in the discussions on the evaluation of a plan to operate the local gas distribution system. Bruce Telecom is a public utility wholly owned by the Municipality of Kincardine providing local communities best in class telecom service including: Local Telephone, Internet, Digital TV and Cellular.

"We are pleased to join the three Municipal Councils and the Natural Gas Committee to examine this opportunity in greater detail," said Holly Robinson-Colley, Chair, Bruce Telecom Board of Directors.

"We are fortunate to have a local public utility in place as we consider this important project. This approach appears to make good business sense to leverage the experience we have in operating a public utility. On behalf of the three participating Municipal Council's we are excited with the potential prospects around this business opportunity as we continue to move forward," said Larry Kraemer, Mayor, Kincardine.

"From an economic development and community sustainability context we believe this approach will provide the greatest value around natural gas service delivery based on reduced project costs, future job creation and retention of the finances within our region," said Mense "Jim" Prenger, Chair, PREDC and Chairperson of the Natural Gas Committee.

Based in Kincardine, and facilitated by the Penetangore Regional Economic Development Corporation (PREDC), the natural gas committee including representatives of the three partnering municipalities and local industry has been weighing a potential solution around this vital economic development project.

Contact Information

  • Penetangore Regional Economic Development Corporation
    Mense (Jim) Prenger
    President
    Toll free: 1-855-396-7711
    info@predc.ca

    Penetangore Regional Economic Development Corporation
    Gerry Taylor, PMP
    Executive Director
    Toll free: 1-855-396-7711
    info@predc.ca