The Citizens Coalition Against Privatization are warning people that the 60% sale of Hydro One by the Wynne government will lead to our hydro rates doubling or tripling in the near future as the new partial owners goal will be to make more money for themselves. One must ask why Premier Wynne is financing loans for groups to purchase shares in Hydro One stock and why she is selling off 60% Hydro One which will lead to a 500 million dollar a year shortfall in revenue for this province.
Premier Wynne states the Hydro One sale will generate 9 billion dollars in-which 4 billion will go to funding infrastructure and 5 billion will go back into Hydro One which just happens to be the amount which Hydro One and the OPG unions are short in their pension fund. Do to Liberal's policies & incompetence on the hydro issue there were sixty thousand people in 2015 who were cut off hydro and 566,902 families were in arrears so I must ask why do we have the highest hydro rates in North America and why are people in Ontario being cut off while Quebec, Manitoba, the Americans get our hydro for free or pennies a kwh.
Premier Wynne and our new energy minister Glenn Thibeault say we do not have a energy crisis but then blame Mike Harris for this mess which one is it?
