Ontario consumers likely paying billions extra for Hydro One decisions

DaSleeper

Trolling Hypocrites
May 27, 2007
33,676
1,666
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Northern Ontario,
I do get a $500 dollar tax break because Im eligible as a Northern resident......do you get that out your way?
Flossy would call that a "subsidy" lol
 

lone wolf

Grossly Underrated
Nov 25, 2006
32,493
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In the bush near Sudbury
I would if I had enough income to pay taxes. Despite the fact I worked for this benevolent dictatorship when I was taken out of the work force by an angry fire hose come snowplow wash, I'm one of those folk taxpayers like to look down their noses on
 

Locutus

Adorable Deplorable
Jun 18, 2007
32,230
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By Kate on December 2, 2015 6:42 PM | 9 Comments



Globe and Mail;
Ontarians have paid $37-billion more than market price for electricity over eight years and will pay another $133-billion by 2032, after the provincial government's process for planning the system "broke down." Electricity prices have ballooned by 70 per cent.


What's more, Hydro One is in rough shape, with ever-increasing power outages and aging equipment "at very high risk of failing" that needs $4.472-billion worth of repairs - even as the province is in the process of selling 60 per cent of the company to the private sector.
And from National Post;
The auditor found the Green Energy Act is also driving up rates. Hydro customers will pay a total of $9.2 billion more for wind and solar projects under the Liberals' 20-year guaranteed-price program for renewable energy than they would have paid under the old program.


Ontario's guaranteed prices for wind power generators are double the U.S. average, while the province's solar power rates are three-and-a-half times higher.
...and
Lysyk found 80 per cent of $1.45 billion in funding from the Ministry of Economic Development and Employment went to companies the Liberals invited to apply, but they couldn't provide criteria they used to select firms or say if they created jobs.
 

lone wolf

Grossly Underrated
Nov 25, 2006
32,493
212
63
In the bush near Sudbury
...which brings the question: Where has the extortion been spent? Hydro doesn't need new trucks every six months. They killed the Northlander and put in that money-losing airport choo-choo. Princess Pinwheel and her band of merry yes people should, by all that is right, be spending their retirement in prison