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The Offer

Peterborough City Council received a recommendation from City of Peterborough Holdings Incorporated (COPHI) recommending the sale of Peterborough Distribution Inc. (PDI) to Hydro One at a special Committee of the Whole meeting on Monday, October 31, 2016.

The Letter Regarding the Proposed Sale of Peterborough Distribution Inc. To Hydro One  from City of Peterborough Holdings Incorporated (COPHI)  is online.

Hydro One’s Offer at a Glance

  • $105 million offer from Hydro One to buy PDI
  • Approximately $50-$55 million in proceeds to the City of Peterborough after deductions
  • 30 new jobs and security for existing PDI employees
  • New Hydro One Regional Operations Centre
  • New Hydro One Fleet Maintenance Garage
  • Lower electricity distribution rates for at least 10 years