The old Lamplighter wonders who owns the streetlights?

A proposal surfaced that the city would sell the Guelph street lights to Guelph Hydro for $7 million.
Staff proposed the City would save $275,000 in electricity fees.
Sounds like a good deal.
Except, the city owns Guelph Hydro and the street lights, as it turns out.
So we are tapping Guelph Hydro for $7 million from a corporate we already own?
What’s wrong with this picture?
It’s no wonder that we have gone through two Chief Financial Officers in six months. This staff has desperately tried to lower the roaring debt of the city by re-arranging the deck chairs on the Titanic.
Solution: Try cutting costs of operations that have dramatically increased in the past five years.