Local control is really important. Because of that, I don't think Waterloo North Hydro should buy up other utilities.
Given the capital investment required, Waterloo North Hydro would be limited to acquire utilities of a smaller size. Of the 65 utilities in the province, 35 utilities would fit that description. However, the reality is that most of them are not for sale, some do not represent good investment choices due to size, geography and their high cost of servicing,