HomeMy WebLinkAboutCOR-2024-363 - 2024-2025 Enova Energy Corp. Independent Director Appointment
Corporate Services Department www.kitchener.ca
REPORT TO: Special Council
DATE OF MEETING: August 12, 2024
SUBMITTED BY: Amanda Fusco, Director, Legislated Services and City Clerk, 519-741-
2200 ext. 7809
PREPARED BY: Amanda Fusco, Director, Legislated Services and City Clerk, 519-741-
2200 ext. 7809
WARD(S) INVOLVED: N/A
DATE OF REPORT: August 1, 2024
REPORT NO.: COR-2024-363
SUBJECT: 2024-2025 Enova Energy Corp. Independent Director Appointment
RECOMMENDATION:
THAT Don McKinnon be appointed as a director of Enova Energy Corporation to hold
office until the 2025 annual meeting of the shareholders of Enova Energy Corporation.
REPORT HIGHLIGHTS:
The purpose of this report is to appoint a new independent Director to the Enova Power
Corp.
This report supports the delivery of core services.
BACKGROUND:
On May 9, 2022 Council appointed Susan Taves and Brian Unrau to serve as independent board
directors on the new Holdco Board arising from the merger between Kitchener Power Corp. and
Waterloo North Hydro Holding Corporation and their subsidiaries Kitchener-Wilmot Hydro Inc.
and Waterloo North Hydro Inc. (now Enova Energy Corp.).
Brian Unrau resigned from the Board on May 21, 2024. Enova advised the City of the resignation,
and nominating committee recommendation to fill the vacancy on July 24, 2024.
The purpose of this report is to approve a new board appointment for the Enova Power Corp.
board.
REPORT:
As per the attached letter dated August 1, 2024 from Greig Cameron, Secretary for the Board,
the Board is recommending the appointment of Don McKinnon to fill the vacancy.
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STRATEGIC PLAN ALIGNMENT:
This report supports the delivery of core services.
FINANCIAL IMPLICATIONS:
Capital Budget The recommendation has no impact on the Capital Budget.
Operating Budget The recommendation has no impact on the Operating Budget.
COMMUNITY ENGAGEMENT:
INFORM website with the agenda in advance of the
council / committee meeting.
PREVIOUS REPORTS/AUTHORITIES:
FIN-2022-201 KPC and WNH Merger New Board Considerations
APPROVED BY: Victoria Raab, General Manager, Corporate Services.
ATTACHMENTS:
Attachment A Letter from Enova Energy nominating committee
August 1, 2024
City of Kitchener
City Hall
200 King Street West
Kitchener, ON N2G 4G7
Attention: Amanda Fusco, Director of Legislated Services
Re: Nomination – Board of Director Enova Energy Corporation
Dear Ms. Fusco,
Pleasenote thatthe Board of Directors of Enova Energy Corporation has passed
the following motion ata virtual meeting onJuly19, 2024.
“THAT Don McKinnonbe and hereby is appointed asa director ofEnovaEnergy
Corporation to hold office until the 2025 annual meeting of the shareholders of
EnovaEnergy Corporation.”
Could you pleasehave Council approve this recommendationat thescheduled
meeting on August12, 2024.
The appointment of Don McKinnon is to fill the vacancy created by the
resignation of Brian Unrauon May 21,2024,a City of Kitchener nominated
director
Sincerely,
Greig Cameron, P. Eng. M Sc
Board Secretary
Cc: Dan Chapman, Chief AdministrativeOfficer, City of Kitchener
301VictoriaStreetSouth,KitchenerONN2G4L2|enovapower.com | 1