March 13, 2015

Why selling off Hydro One could be a boon to taxpayers

Emily PrattRebel Correspondent

The heat is on Queen's Park, as the Ontario government refuses to rule out the possibility of selling a partial stake in Hydro One.

The privatization of the province's wholly owned electricity transmission and distribution company would be unlike anything Premier Kathleen Wynne's government has done before.

The partial sale could raise funds for infrastructure projects, but is it enough?

Christine Van Geyn of the Canadian Taxpayers Federation explains how this could play out for Ontarians.

(PS: Watch to find out which Hydro One scandal was so bad it's now a cautionary case study at Harvard Business School.)


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commented 2015-03-15 23:34:56 -0400
Don’t blame Hydro One for the mess they are in -they are being told what to do and when to do it by Premier Wynne and her merry band of inept clowns.What we really need to do is go back to the "old " Ontario Hydro model – we had perhaps the most respected electrical utility in the world until inept know nothing politicians of all three parties along with
the sensation seeking MSM and a gullible general public decided they knew better.
The reason Hydro One may now be sold is to help cover the debts caused by the incredible stupidity of the present more than useless bunch – they just keep on digging and we get to pay.
commented 2015-03-15 11:19:59 -0400
If Hydro One is sold off to a for profit, private concern, who controls the cost of electricity? Not that the current situation is tenable. How much are the tolls on Hwy 407?
commented 2015-03-14 11:08:55 -0400
According to Statscan there are around 13.6 milion people living in Ontario, all of whom use power in some manner. We all recieve bills , reminders of the pathetic mess Ontario is in in terms of power generation. I understand that THEREBEL is brand new and relatively unknown , but I would think that we could generate more than three or four comments on this story.
commented 2015-03-13 19:58:37 -0400
Bad mistake to sell it off. What would be better would be to de-fang HydroOne, and put the entire energy file into a new Commission run by ratepayers.
commented 2015-03-13 15:34:00 -0400
Good report, and nice to hear from the Canadian Taxpayers Federation. The tidbit about Hydro One being used as a case study at Harvard was worth the price of admission :)
commented 2015-03-13 15:16:29 -0400
Infrastructure projects.. Is that code for “shovel ready projects” ? These will be human projects like the OPP, CUPE , SEIU and Teachers Unions.