Belleville Mayor confirms no interest in selling city's 9% stake in Elexicon Energy.

Belleville Mayor Neil Ellis confirms the city has no interest in selling its 9% stake in Elexicon Energy. Ajax and Pickering are considering selling their ownership in the local distribution company, which is owned by five municipal shareholders. The company paid out $6.1M in dividends to shareholders in 2023 and its electricity rates are regulated by the Ontario Energy Board.

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