Toronto mayor John Tory presented his case for the sale of Toronto Hydro to CBC’s Matt Galloway on September 22. Every element of Mayor Tory’s argument justifying the sale is nonsense. Yet, the very weakness of the mayor’s case makes a strong argument that Toronto Hydro should be sold. Toronto Hydro should be privatized because …
Amidst a storm of controversy yesterday at Queen’s Park surrounding a damning report from the new Financial Accountability Officer, the government yesterday reaffirmed that it is going to extract $4 billion from the proceeds of the Hydro One sale to spend on other government programs. Ontario Premier Wynne’s damn-the-torpedoes implementation of her plan for Hydro …
Continue reading ‘Wynne’s Long Term Power Rate Plan: Transit Tax on Electricity’ »
(This posting contains both our speaking notes, posted about 20 minutes after presentation, and the official Hansard transcript. Following our presentation, Ed Clark made a presentation to the Finance Committee and made comments to the press. His comments and my reaction to his comments are ably reported here by Antonella Artuso for Sun Media. Our …
Continue reading ‘Deputation to Finance Committee on Sale of Hydro One’ »
If there is anyone left in Ontario who thinks that the Ontario Liberals have the slightest clue as to the simplest facts of life about the province’s power system, Premier Wynne’s psychodelic impression that there is a vast stash of gold over at Hydro One should be the last straw.
This morning, CBC’s Morning North program ran an interview I did with host Marcus Schwabe about the proposal from the Ontario Premier’s Advisory Council on Government Assets, chaired by Ed Clark, which last week issued an interim report proposing in part restructuring and privatizing parts of the Crown-own electricity wires company Hydro One.