On May 2, 2022, Brantford Power Inc. and Energy+ Inc. officially merged to form GrandBridge Energy Inc., the seventh largest municipally-owned electricity distributor in Ontario. Regulated by the Ontario Energy Board, GrandBridge Energy will deliver safe and reliable electricity to 109,000 customers in Brantford, Cambridge, Brant County and North Dumfries.
The transaction is part of the merger between Brantford Energy Corporation and Cambridge and North Dumfries Energy+ Inc. to form the holding company GrandBridge Corporation.
GrandBridge Energy will continue to be 100 percent municipally-owned, with Cambridge owning 54.3 percent, Brantford owning 41 percent, and North Dumfries owning 4.7 percent.
Aird & Berlis LLP advised the City of Cambridge and the Township of North Dumfries with a team led by Ron W. Clark and including Lisa Moreau (Competition), Barbara Worndl (Tax), Dennis O’Leary (Regulatory/Environmental), Danielle Shields, Emily Chittick and Christian Nianiaris (Corporate), Sam Babe (Financial Services) and Michael Horvat (Labour & Employment).
Borden Ladner Gervais LLP served as legal counsel to Brantford Energy Corporation and Cambridge and North Dumfries Energy+ Inc., with a team consisting of Mark Rodger, Gian Minichini, Rob Blackstein, Danny Lang (tax) and Joelle Kabouchi (tax).
Goodmans LLP served as legal counsel to Brantford with a team led by Dan Gormley, and including Peter Ruby (regulatory), Ira Barkin (real estate) and Brian Sweigman (pensions and benefits).