A $62 million reinvestment will power Whitby’s growth, and ensure reliable electricity for residents and businesses.

Earlier today, Elexicon Energy announced that its municipal shareholders – including the Town of Whitby – are collectively investing more than $62 million in equity into the company. This reinvestment will strengthen the electricity grid and ensure reliable service that keeps pace with Whitby’s rapid growth.

This move will enable Elexicon to build critical infrastructure to support major developments across Whitby, including the capacity needed for the construction of 18,000 new homes, the opening of the new Whitby Sports Complex, and the expansion of services for families and businesses.

As one of Ontario’s fastest-growing municipalities, Whitby is proud to partner with Elexicon to invest in a resilient and future-ready energy system.

Quotes

This investment reflects Council’s ongoing commitment to publicly owned infrastructure and ensures Whitby has a strong voice in local energy distribution. By maintaining ownership in Elexicon, we’re creating long-term value for our community—ensuring we have the electricity we need, when we need it, as Whitby continues to grow.

-       Matt Gaskell, Chief Administrative Officer, Town of Whitby 

Quick Facts

•  Elexicon Energy is a regulated electricity distribution company serving nearly 200,000 homes and businesses across ten municipalities.
• The Town of Whitby is the largest single shareholder and recognizes the essential role Elexicon plays in powering its local economy and supporting residents and businesses.

For media inquiries, contact:

Erin Mikaluk
Manager, Communications and Creative Services, Town of Whitby
Phone: 289.314.6913
Email: mikaluke@whitby.ca