HomeMy WebLinkAboutCOR-2025-138 - 2025 Enova (Hydro) Board of Directors - AppointmentsStaff Report
Corporate Services Department www.kitchener.ca
REPORT TO: Committee of the Whole
DATE OF MEETING: April 7, 2025
SUBMITTED BY: Amanda Fusco, Director, Legislated Services and City Clerk, 519-741-
2200 ext. 7809
PREPARED BY: Dianna Saunderson, Manager, Council and Committee Services and
Deputy Clerk, 519-904-1410
WARD(S) INVOLVED: N/A
DATE OF REPORT: March 14, 2025
REPORT NO.: COR -2025-138
SUBJECT: 2025 Enova (Hydro) Board of Directors - Appointments
RECOMMENDATION:
That be appointed to the Enova Power Corp. board effective June 1,
2025 for a term not exceeding 1 -year, as outlined in Corporate Services Department report
COR -2025-138; and,
That & be appointed to the Enova Energy
Corporation board effective June 1, 2025 for a term not exceeding 1 -year; and further,
That nomination term of the Enova Energy Corporation, City of Kitchener independent
directors (Don McKinnon and Jim Philips) be extended by one year to conclude in 2026.
REPORT HIGHLIGHTS:
• The purpose of this report is to appoint two new members of Council to the Enova Energy
Corporation Board of Directors and one new member to the Enova Power Corp.
• This report supports the delivery of core services.
BACKGROUND:
The purpose of this report is to approve new board appointments for the Enova Power Corp.
and Enova Energy Corporation board. The current appointments, as outlined below, are due to
expire:
• Councillor Margaret Johnston (June 1, 2024 — May 31, 2025) Enova Power Corp; and
• Councillors Bil loannidis and Dave Schnider (June 1, 2024 — May 31, 2025) Enova Energy
Corporation
REPORT:
The City of Kitchener holds three board positions on the Enova Energy Corporation Board, one
Board position for the Mayor and two other board positions to be held by members of Councillors
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on a rotating basis. The City of Kitchener holds two board positions on Enova Power Corp.
Board, one position held by the Mayor and one additional board position to be held by a member
of Council. The existing term for the boards are due to expire and Council is being requested to
appoint new members to the boards as outlined in the recommendation.
Attached is the summary of the Hydro Appointments from previous terms:
Appointed
Term
Councillors S. Marsh, D. Schnider
June 1, 2018 —
May 31, 2019
Councillors K. Gallowa -Sealock, B. loannidis
June 1, 2019—
May 31, 2020
Councillors S. Davey, S. Marsh
June 1, 2020 —
May 31, 2021
Councillors D. Schnider, P. Singh
June 1, 2021 —
May 31, 2022
Councillors K. Galloway-Sealock, B. loannidis
June 1, 2022 — May 31, 2023*
(Transition Year)
Councillor S. Davey, P. Singh, C. Michaud
June 1, 2023 —
May 31, 2024
Councillors D. Schnider, B. loannidis, M. Johnston
June 1, 2024 —
May 31, 2025
Kitchener Independent Directors — Term Extension
The Enova Shareholders Agreement provides that the City of Kitchener nominate two
independent directors that are confirmed at the Annual General meeting for terms as outlined in
the Shareholders Agreement.
At the 2024 Annual Meeting of the Shareholders of the Enova Energy Corporation the following
motion was passed.
"THAT the initial three (3) year term of the independent directors of the Corporation be
amended to expire at the annual meeting of the shareholders in 2026 instead of August
31, 2025."
According to the Shareholders Agreement, a shareholder may extend the term of the nominee
with notice to the other shareholders.
This report formalizes the extension of the initial term of the Kitchener Independent Directors to
expire at the annual meeting in 2026 instead of August 31, 2025.
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:
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INFORM — This report has been posted to the City's website with the agenda in advance of the
council / committee meeting.
PREVIOUS REPORTS/AUTHORITIES:
There are no previous reports/authorities related to this matter.
APPROVED BY: Victoria Raab, General Manager, Corporate Services
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