Joint Statement From Whitby, Clarington and Belleville Regarding Elexicon Holdings

Clarington, Ontario – In light of a recent announcement from the municipalities of Ajax and Pickering regarding their decision to explore selling their shares in Elexicon Energy, the municipalities of Whitby, Clarington, and Belleville have confirmed their continued commitment as majority shareholders. Elexicon Energy provides reliable and sustainable energy solutions to our communities while driving economic growth and fostering innovation. As majority shareholders, the municipalities of Whitby, Clarington, and Belleville recognize the critical role that Elexicon plays in our local economies and the essential services it provides to residents and businesses. Maintaining majority control is a valuable investment that ensures Whitby, Clarington, and Belleville have a voice in local energy distribution. Protecting this public sector partnership and avoiding privatization ensures the majority stakeholder municipalities continue to receive dividends that support key municipal initiatives and benefit taxpayers.