All that’s left for the Collus sale application is a final decision.
All the paperwork is filed and now it’s up to the Ontario Energy Board’s (OEB) court to announce the final decision on the application to sell Collingwood’s electrical utility (Collus) to Edmonton-based Epcor.
Collingwood CAO Fareed Amin said the town had submitted its final arguments in the application process and EPCOR has also made its final submission.
“The ball’s in [the OEB’s] court now,” said Amin. “We’re waiting for the OEB to make the final decision.”
Amin said he didn’t know how long it would take, given the current political events.
The OEB is publicly appointed and a provincial agency, so it’s possible the changeover from the recent provincial election would have some impact on the OEB’s day-to-day operations.
Collingwood announced it would be pursuing a Collus sale to Epcor on January 30, 2017. Council voted to sell its remaining 50 per cent stake in Collus on October 23, 2017. The OEB application process began later that year.
Typically, an OEB application process can take anywhere from three months to a year.