You’ve zeroed in on the action required going forward (coherent, timely reporting from the OEFC), but I do think the summary released by the government, with over a decade of retroactive calculations, allows for some statements of fact.
The residual stranded debt, as it existed when the Harris government created the DRC to dispose of it, is fully paid off.
The residual stranded debt has grown a couple of times – most notably between April 1st 2003 and March 31, 2004 – presumably this being due to the hit on OPG earnings from Ernie Eves’ method of reducing prices. It’s unclear how much corporate tax reductions reduced the PIL expectations during that same period. It’s also unclear if any of this increase was due to writing off coal generation assets which were to be idled by 2007 (lest we forget).
As the residual stranded debt is now shown by the government as $4.5 billion, and it rose $4.4 billion from 1/4/2003 to 31/3/2004, it would be most fascinating to see a full accounting of, particularly, that year.

Throw the foregoing into the pot with spilling cheap unregulated hydro in the face of declining demand, government decrees on building the biggest tunnel in the world (for bragging rights), Mattagami (most expensive public sector project in Canada) which will produce power exactly when we don’t need it and you destroy the value of the entity. OPG is certainly worth less now then it was after the split because of inane political interference. So OPGs value has shrunk along with its ability to make a reasonable return on the shareholders (taxpayers) equity but it has nothing to do with whether it is well managed, it is because the politicians have constantly stuck their hands in the pot instead of acting as the overseer. An election to the legislature sure doesn’t make you an expert in managing the electricity system; as the ratepayers of Ontario have discovered over the past decade.

On top of that, they’re looking to charge us even more money for smart meters: http://www.smi-ieso.ca/node/2327

I’ve been hearing about all the wonderful information we are supposed to get from smart meters but I can’t even see it as the Hydro One portal hasn’t worked properly for quite some time. If I’m lucky I get in once every 20 attempts. If we can’t trust them to run a simple website, how can we expect them to handle our smart meter data correctly!

I’m sure whatever their solution is, it will just involve increasing our bill even more!

“It is critically important to the long-term interests of both energy consumers and regulated energy companies that the Ontario government fill the position of the second Vice Chair, a position that the government has negligently left vacant for almost 18 months. The government must also ensure that all the new the Board appointees are full-time members with deep and up-to-date energy sector knowledge while being demonstrably free of bias.”

Yeah, right! Who might that be? Yourself, maybe.

Why the heck does the OEB need a 2nd Vice-Chair? What did they ever accomplish with 2 vice-chairs before? The whole bunch of them ought to be scrapped, they do such a poor job and even then have no independence from Dalton, Dwight and fellow toadies.

(I suggest that A. McGriddle should consider the very successful performance of Ontario’s regulated natural gas utilities before recommending getting rid of the Ontario Energy Board.)

The CEO of Hydro One gets paid $100 Grant more than Mr Haines. Are they both overpaid? is one underpaid? What kind of car does Ms Formusa drive? I also noted that the Vice Presidents at Toronto Hydro seem to have a compensation on par with Hydro One and OPG. Doesn’t make sense to me, no way is the talent and experience the same.

Somethings is seriously wrong with the Board of Directors if they allow this kind of rampant compensation at Toronto Hydro for their senior staff. Why is Clare Copeland still the President of the Board after 14 years?