(Here is a summary of Energy Minister Bob Chiarelli’s speech to the Toronto Board of Trade today.)
Hockey is great. I’d rather talk about hockey.
The same team adding chaos to Ontario’s power system “for the future of our children and grandchildren” have turned their attention to carbon, again “for the future of our children and grandchildren.” Your government’s carbon initiative will “roll out a policy by the end of this calendar year”, so you can be sure to have a nice Christmas present.
About electricity costs, the most important thing to know deep in your soul is that Mike Harris is causing rates to rise. Under Mike Harris power was not “affordable”, so the Libs increased the average inflation-adjusted cost per kilowatt-hour by over 50% since 2004. Getting rid of dirty coal power cut health care costs by billions of dollars, which is why health care costs soared as coal disappeared. “Ontario is lauded (by foreign companies with juicy FIT contracts) for its reliable, clean and affordable system.”
“And, by the way, blaming price pressures on renewable wind and solar is simply incorrect. This represents less than 8% of our generation and less than 2% of electricity bills.” I know this is true because I found that information in the same comic books where I learned that Ontario’s power exports earned $6 billion in profit and that $7 billion in OPG’s profits pay for “schools, hospitals and colleges”. (Bob is so good with our money, its a wonder Kathleen already made him Finance Minister.)
(To cover up the extent of your government’s mismanagement,) “the Ontario Clean Energy Benefit is taking 10% off hydro bills” and adding to the deficit, again “for the future of our children and grandchildren.” “In our most recent budget we are taking the Debt Retirement Charge off residential bills” but we have yet to announce the new tax that will replace it. Your government provides lots of subsidies for nice industrial customers which are paid for by not nice industrials and all other customers.
On the subject of the Energy East pipeline proposal of TransCanada, the main thing your government wants you to ignore is how much extra natural gas customers will pay if the Energy East conversion project fails to go ahead. The Ontario Energy Board is conducting an unconstitutional kangaroo court on Energy East designed by the government to ensure that TransCanada’s proposal has no due process.
The IESO and OPA have been merged and this will cause rates to go down (or not).
Your government is doing secret deals with lot of special interest groups and wants to make sure that select aboriginal politicians can join the fun too.
Hydro pension liabilities are out of control, so your government is reviewing them to ensure that “our children and grandchildren” never again fall into the trap of enjoying affordable power.
With nuclear power, everything is great so there is no need to talk about it. By the end of the 1960s, Ontario will be exporting our success around the world.
Your government will sell a chunk of Hydro One, use all the proceeds to build subways in Toronto, and then slap on yet another electricity tax to make up for the earnings the government once got from Hydro One that today help service old Ontario Hydro debts.
Your government is making good progress on phasing out the use of electricity in Ontario. By shutting down industry and making power unaffordable for households, Ontario is able to give more free power to utilities and businesses in Michigan and New York. Please sign up with our 12 step program that can help you finally break your crippling addiction to electricity. Stop lighting your home and close any remaining businesses so we can give away even more free power. Michigan needs you.
“As we move to continue to make our electricity system reliable, clean and affordable for all Ontarians I look to all of you – the business leaders in our province – to ensure stakeholder participation as we work to meet the needs of families and businesses.”
(Minister Chiarelli’s original text is here: TBOT Remarks Feb 2 Final Media Copy.)