Electricity Distributors Finance Corporation

Welcome to EDFIN - Building Stability for Ontario's LDCs

If your LDC is growing or rebuilding, count on EDFIN to provide the necessary financial resources. Please keep informing us about your capital requirements and the near future, so we can better structure financial vehicles to serve your goals. We understand the Local Utility’s need for capital to grow their business and develop under a regulated business enterprise model. Under these dynamic circumstances, partnering with EDFIN becomes a fundamental step to plan your development over the next 1-10 years.

Benefits of Borrowing through EDFIN

Preferred Rates: EDFIN, in participation with The MEARIE Group and MEARIE Management Inc. (MMI), is jointly raising capital for participating LDCs to secure financing for business development. EDFIN is able to offer competitive pricing on private placement issues that reduces the total cost of borrowing. Borrowing on a large scale can be costly and require too much collateral. Especially during todays tighter lending market. EDFIN will ensure all participating LDCs will benefit from preferred legal & underwriting fees as a result of pooling interest for a larger capital amount. The underwriting and legal fees per $1 Million issued are lower the more total funding increases. EDFIN will allow each LDC to undertake financing for its own operation at a lower rate as if the individual LDC were to raise the entire pool. Whereas an individual LDC would pay a higher rate per each Million issued.

Strength of Offering: MMI, through its established financial and legal network, will facilitate an elite group of investors to lend to LDC’s. This ensures a more favorable borrowing agreement for LDC's through EDFIN. By joining EDFIN in this initiative, participating LCD’s can efficiently access debt offerings through capital markets. EDFIN will help raise sufficient funds to undertake large projects.

DBRS Credit Ratings Report - Nov 2009
 Standard and Poor’s Corporate Rating Report - January 2011

What is EDFIN? EDFIN is a non-profit, non-share capital legal entity incorporated under the Business Corporations Act (Ontario) for the purposes of providing access to capital for Ontario companies engaged exclusively in the business of distributing electrical power.

What is its purpose? The purpose of EDFIN is to provide efficient access to capital markets for Ontario LDCs affiliated with The MEARIE Group.

Has EDFIN been successful for LDCs? Yes, In 2002 EDFIN secured $175 M for 5 LDC's, allowing them to finance large-scale projects. The private placement proved to be tremendously successful with the Canadian investment community and for citizens relying on their local utility day to day.

For information on each of the participant LDCs, follow the links below:

For further information, please contact the following:

EDFIN Managers


You might need to download the Adobe Acrobat Reader to view PDF files on this site. Get Acrobat Reader