On September 1, 2000 Lakeland Holding and its subsidiaries became incorporated companies by merging the hydro assets of the following municipalities: Bracebridge, Huntsville, Burk’s Falls, Sunridge and Magnetawan.
LAKELAND HOLDING HAS THE FOLLOWING SUBSIDIARY COMPANIES:
HYDRO-ELECTRIC PLANTS PRODUCING 15 MEGAWATTS
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PAST & PRESENT
Before the year 2000, each municipality had its own not for profit hydro-electric commission. Seeing that there were approximately 320 hydro-electric commissions at this time the ruling Provincial Conservative introduced the Electricity Act so hydro companies became incorporated companies which would force mergers/sales/ and efficiency in the system.
Today there are approximately 65 hydro distribution companies withLakelandPowerbeing one.
Lakeland’s group of companies has experienced tremendous success over the years and now has assets of $115M on annual revenues of $60M as staff has grown from 22 to 65 full-time. On July 1, 2014 Parry Sound merged their hydro assets in Lakeland and is now one of the company Shareholders along with the other 5 municipalities.
The success of Lakeland is attributed to our support Shareholders, experienced Board of Directors, and incredibly dedicated and skilled staff.
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