OTHERAWARDED

Township of Tay Special Council Meeting Agenda March 2026

Alectra Wins NT Power, Tay Hydro Acquisition in Landmark Deal

$113 million (upfront cash offer) or Deferred Payment (minimum $110 million, projected up to $251 million over 13 years)Township of TayALECTRA INCMarch 2, 2026

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Description

Township of Tay and Town of Newmarket awarded a historic sale of NT Power and Tay Hydro Inc. to Alectra Inc. for either $113 million in cash or a deferred payment model with a guaranteed minimum of $110 million and potential for greater long-term returns. The deal includes annual guaranteed payments, job protection clauses, and local operations commitments.

Contract Details

Contract Amount

$113 million (upfront cash offer) or Deferred Payment (minimum $110 million, projected up to $251 million over 13 years)

Vendor

ALECTRA INC

Agency

Township of Tay, Canada

Contract Type

OTHER

Document Date

March 2, 2026

Contract Term

Deferred Payment: 7-year base, up to 13 years with extension; multiple exit points at years 7, 10, and 13; closing expected late 2026 to early 2027

Renewal Date

2033-12-31

Renewal Info

Multiple exit/option points at 7, 10, and 13 years allow shareholders to trigger final payout based on growth. Deferred structure ensures a minimum payout, with upside tied to Alectra’s valuation. Lease for operations centre set for 10 years. Merger option with Alectra built in but not required.