As the result of major corporate merger, Canada’s Competition Bureau is requiring Stittco Energy in Hay River, among other rural retail propane businesses, to be sold, according to a Sept. 27 release.
Superior Plus LP is buying Canwest Propane from Gibson Energy ULC. The Competition Bureau found that this merger, and the loss of competition in local markets, would likely result in higher prices for customers in certain rural Canadian communities, including Hay River.
Superior neither admitted nor contested that this would be the result of the merger.
As such, Superior has agreed sell these retail outlets and their associated assets.