Belleville Council will discuss hydro at their meeting on Monday.
A report from the Director of Finance is asking for council support in principle, for the merger between Veridian and Whitby Hydro.
Clarington, Ajax, Pickering, and Belleville all have part ownership of Veridian, with Belleville’s current stake at 13 percent.
Back in April, Veridian President Michael Angemeer told council the merger would mean Belleville’s profit share would go to nine percent, but the increase in the number of customers to 165,000 would increase the profit to $21.9 million for a similar 17 year period.
A merger and shareholder agreement will still need to be finalized.
Council meets at 4 p.m. at city hall