By Ron Clark ( November 13, 2026, 12:49 PM EST) -- Last year, we prepared a series of three articles on governance issues relating to holding companies (HoldCos) and Ontario’s municipally owned electricity distribution utilities. In the first article of this series, we described how HoldCos can be used to increase corporate control, mitigate risks and maximize business synergies. In the second instalment, we reviewed the historical development and use of HoldCos within the electricity distribution sector in Ontario. In the third segment, we explored an array of corporate governance issues emerging from the use of HoldCos in this sector....