Chapleau's selling its local utility.
Mayor Ryan Bignucolo explains that the Township of Chapleau's struck a deal to sell the Chapleau Public Utilities Corporation - or Chapleau Hydro - to Hydro One, noting the PUC was facing issues otherwise.
In addition to paying about $2.3-million - "subject to adjustments", along with continued rent payments - Mayor Bignucolo says Hydro One's made some other key commitments on Chapleau Hydro.
Bignucolo expects this should mean a quicker response to outages - due to a local crew of three - or requests for "hookups".
While Hydro One's been in charge of Chapleau Hydro's day-to-day operations since an interim licence was issued in May, the acquisition would still need to be approved by the Ontario Energy Board - Hydro One expects to file an application by the end of the year, but has already applied to extend its current license in the meantime.
No changes are currently expected for electricity service for Chapleau Hydro customers.