A First-of-Its-Kind Model for Newmarket

Strong communities plan ahead. Over the past several years, Council has been carefully reviewing the future of NT Power to ensure Newmarket remains financially stable and well-positioned in a rapidly changing energy landscape.

Ontario’s electricity system is undergoing significant transformation. With energy demand projected to increase substantially due to population growth, electrification, and infrastructure modernization, smaller and mid-sized utilities are expected to face growing financial pressures in the years ahead.

Recognizing these realities, Newmarket and Tay Township undertook a comprehensive, multi-year governance and financial review. The objective was clear: protect local interests while positioning our community for long-term strength and sustainability.

As a result, both Councils have approved a deferred sale partnership with Alectra Utilities. This first-of-its-kind structure in Ontario’s local distribution sector reflects the principles that guided our work:

• Protecting NT Power employees and local jobs

• Maintaining competitive rates and reliable service

• Preserving a strong local presence

• Securing access to capital and long-term investment

• Delivering a strong and responsible financial return for residents

This innovative agreement will more than triple Newmarket’s historic annual dividend while allowing the Town to participate in future growth. It provides flexibility through multiple decision points over the next decade and reduces long-term financial risk.

Council’s intention is clear: the principal funds eventually received will not be spent, but instead will serve in perpetuity as a Community Trust to benefit future generations.

Residents are encouraged to review the full details, background information, and FAQs at:

https://www.heynewmarket.ca/ntpower