The City of Peterborough and Hydro One have reached an agreement for Hydro One’s acquisition of Peterborough Distribution Inc. (PDI) from the City for $105 million plus terms that include distribution rate guarantees for customers as well as a separate agreement for the construction of a new regional operations centre in Peterborough.
The agreements are subject to Ontario Energy Board (OEB) approval. The OEB regulates the province’s energy sector, including setting rules for electricity companies and establishing rates that energy utilities are permitted to charge.
The W. Garfield Weston Foundation is investing a whopping $7.5 million in The Canadian Canoe Museum’s new facility to be built at the water’s edge.
This lead private gift announced on Wednesday (May 16th) will support capital costs and educational program development for the new museum, to be built alongside the Peterborough Lift Lock on the Trent-Severn Waterway. It is the largest known private one-time gift to a charitable organization in the City and County of Peterborough.
“From the high-profile headquarters that is the new museum, we will be inspiring Canada by canoe," says John Ronson, Chair, Board of Directors. "This investment is indeed transformational, and will not only support the construction of the new museum, it will see our programming reach more people inside the museum, outside the museum, and virtually, around the world."
The W. Garfield Weston Foundation has been a long-time supporter of the museum dating back to 1995, two years prior to its opening, and was instrumental in its founding.
The construction of the new canoe museum is being supported by a $65 million fund raising campaign.
The addition of this beautiful new museum at the Historic Lift Lock's doorstep will make this a must see destination for even more visitors from around the world.
According to a media release from the County, the James A. Gifford Causeway has sustained damage as a result of the wind storm last Friday (May 4th).
The road has been deemed safe, but motorists are recommended to reduce their speed on it.
Safety barrels have been placed on the paved shoulder of the road along the south side of the Causeway.
County staff will be further assessing the damage and a report and plan will be brought forward to County Council soon to address the damage.
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