After reading the article in the Examiner about GE giving the Centennial Fountain to Peterborough in 1967, it turns out there is more to the story.
According to the Peterborough Examiner it was Frank Fisher who came up with the idea of the fountain, with Bill Fisher leading the design committee and Ches Fisher leading the fundraising committee.
The cost of the original fountain in 1967 was around $30,000.
Current management at GE was under the impression GE donated the fountain but can not find anyone or any documentation saying so. That said GE is still pleased that they are in a position to fund the current refurbishment.