Hydro One was originally part of the Hydro-Electric Power Commission of Ontario (external - login to view), or Ontario Hydro (external - login to view), which was established in 1906 by the provincial Power Commission Act (external - login to view) to build transmission lines to supply municipal utilities with electricity generated by private companies already operating at Niagara Falls (external - login to view). The first chairman was Adam Beck (external - login to view), minister without portfolio (external - login to view) in the provincial government of Sir James P. Whitney (external - login to view). Beck had been a prominent advocate of a publicly owned electricity grid.
In the 1920s the commission began generating and distributing its own power when it was given the mandate to electrify rural areas. Besides building its own generating stations, it bought the transmission lines and generators of the largest private electricity company.
500,000 (center) and 230,000 (far left and right) volt transmission lines in the GTA, which Hydro One is responsible for.
In 1974 the Power Corporation Act (external - login to view) reorganized the system as a crown corporation (external - login to view) called Ontario Hydro, the name it was most usually known by.
In 1998, the PC (external - login to view) government of Mike Harris (external - login to view) passed the Energy Competition Act (external - login to view) which authorized the establishment of a market in electricity. In April 1999, Ontario Hydro was re-organized into five successor companies: Ontario Power Generation (external - login to view), the Ontario Hydro Services Company (later renamed Hydro One), the Independent Electricity Market Operator (external - login to view) (later renamed the Independent Electricity System Operator (external - login to view)), the Electrical Safety Authority, and Ontario Electricity Financial Corporation. The two commercial companies, Ontario Power Generation (external - login to view) and Hydro One, were intended to eventually operate as private businesses rather than as crown corporations.
By 2001, Hydro One had acquired 88 municipal utilities. In December 2001 the provincial government announced the intention to sell Hydro One under an initial public offering (external - login to view), however by April 2002 various groups in opposition to the plan were able to successfully challenge the government in the Ontario Superior Court (external - login to view), forcing a halt to the IPO (external - login to view).
In 2002 an electricity market began operating. However, critics questioned, among other things, whether the market was truly competitive or could ever become competitive, given that an electricity grid is not a private good
Here's what it's come to:: woe be us::from Ottawa Citizen with thanks.
Ontario power generators shell out $35M to get rid of surplus juice (external - login to view)
Can you fuc king believe it!!! WE have to PAY these people to TAKE our SURPLUS hydro, and the Ontario Joe **** *** has to PICK UP THE BILL......And the price of Hydro keeps going UP .Why am I not surprised. It was a con job by cons to begin with.
So, all youse guys and gals who can vote in the upcoming Ont. election and think Hudak is a saviour, think again. He was tutored under MIKE HARRIS, is in league with him still, and is as bad a neocon thug as Harris, Harper, Baird, ............you name them.
Better forget all about the NDP. It will split the vote and we get CONNED again. Fool us three times. SHAME ON US. Hold yer nose and vote for the green energy Libs. It will mean lower prices down the road, less homelessness, less poverty, less layoffs.
A vote for the cons is a vote to eat all the **** we ate 10 or so years ago. A horrible example of recycling.