Innisfil residents will have to wait at least two more months to find out the future of InnPower, their new utilities company.
A resolution to sell 50 per cent of the common shares of InnPower Corporation to EPCOR Eastern Operations Inc. was deferred by Council until the April 6 meeting.
It's the third time the resolution has appeared on a Council agenda and been deferred or delayed.
The delay will allow Council and representatives from EPCOR, an Edmonton-based company, to review information received at a January 28 private meeting.
EPCOR, based in Edmonton, Alberta, builds, owns and operates electrical transmission and distribution networks, water and wastewater treatment facilities and infrastructure in Canada and the United States.
They provide water, wastewater, and distribution services to more than a million people in over 85 Western Canadian communities and industrial sites.
It is the largest private regulated water provider in Arizona and New Mexico, serving 22 communities and seven counties.
InnPower Corporation is derived from the hydro system that served the Village of Cookstown since 1917.
A staff of 41 currently manages distribution, "wires", business in the Town of Innisfil & south Barrie, and distributes electricity to homes, businesses and industries.
The corporation operates 10 substations, each with an incoming voltage of 44,000 volts.
There are over 525 kilometres of high voltage lines under the company's jurisdiction, covering the 290 square kilometre service area.
"We apologize for the continued delay," Deputy Mayor Lynn Dollin told the audience at Wednesday's council meeting.
"This council wants to make sure they have all the ducks in a row and all the ts crossed before making a decision."
Deputy Mayor Dollin, chaired the council meeting in the absence of Mayor Gord Wauchope.
Wauchope missed the meeting because he was away "on a well deserved holiday" according to the deputy mayor.
