Saugeen Shores is mulling on whether to hang on to Westario Power.
Council was given an update Monday night from President and CEO Guy Cluff and Chair Mark Kraemer.
Their presentation showed an increase in equity and asset growth and a steady rise in the revenue stream since its inception in 1999.
But they also entertained the possibility of the Town selling their 25 percent stake in the utilities company when informing them of a deadline to divest without being hit with a transfer tax.
Deputy Mayor Doug Freiburger says this is not the first time that the Town thought about selling their stake in Westario.
Freiburger says many municipalities make the mistake of selling off assets to pay for capital projects.
Given a chance to do it over, he believes many of them would keep their assets and use the revenue that has been generated.
He says it would be wise for the Town to keep their share of Westario rather than sell it and use the funds to complete capital projects.
Freiburger says Council will have to start discussions quickly if they want to sell.
The tax holiday deadline is October 17, 2008.
Freiburger says the Town can also use the money accumulated to pay down the Ontario Hydro debt to offset any transfer taxes.
Westario Power consists of Saugeen Shores and seven other municipalities plus Fortis Ontario.
