The Chairman of the Manx Electricity Authority says it's "fully committed to the process" of merging with the Water and Sewerage Authority.
The move was confirmed by Tynwald yesterday, meaning the new "Manx Utilities Authority" will come into existence on April 1.
Howard Quayle MHK says both boards and senior management teams have been working together with the Department of Infrastructure, Business Change Steering Group, Treasury and other government departments.
Mr Quayle says the MEA has been working to ensure the merger will be undertaken in the most effective and measured way.
Meanwhile, WASA Chairman John Houghton MHK says while there are separate operational functions of Water, Sewerage and Electricity, there are common systems and services which apply across all activities, where savings can be made.
He adds that he believes the merger will secure the MEA debt position for the benefit of the Island’s economic development and the community as a whole.
Both chairmen have made a commitment to keep workforces fully informed during the merger process.
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