Holdco and Lakefront Utilities Report

On Tuesday at 2:00 pm, Cobourg Council had a special meeting to hear a report from Holdco and its subsidiaries (Lakefront  Utilities Inc – LUI – and Lakefront Services Inc – LUSI) on how they are doing. The new chair of Holdco, David Tsubouchi, spoke strongly about the need for better governance and is putting procedures in place to make sure that happens.  This was the only thing that needed significant fixing – all other measurements and performance factors were positive and councillors asked few questions.  LUI chair Gil Brocanier reported that reliability is good and getting better (more below) and that businesses want reliability and are attracted to Cobourg by reliable electricity.  Gil said that only 25% of a… Read complete articleHoldco and Lakefront Utilities Report