McGuinty tells the people of Ontario if they want to save money on hydro do your laundry on weekends

Nuclear News: Canada’s Bruce Power got millions to not produce, McGuinty makes no apologies for escalating hydro rates


The Ontario power authority of Ontario paid Bruce power $57.5 million for electricity that was not produced in 2009 on behalf of the Ontario Tax payers total amount for 2010 is unknown at this moment. The provincial Crown agency decided earlier this year that utilities should be able to boost their guaranteed profit margin to 9.85% from 8.39%.

Tom Adams who is a energy consultant predicts by October 2011 hydro will of increased by 200% under McGuinty since he took office in 2003. The propose electricity rates from Hydro One asked for are a increase of 15.7% in 2011 and 9.6% in 2012 and If the Canadian Manufactures and Exporters calculations are correct by 2015 Hydro will of increase by another 41.8 per cent The CME analysis contains even worse news for businesses, institutions and other non-residential customers. It projects their electricity costs could jump by another 47.1 and 63.7 per cent by 2015. For many manufacturers, CME’s Ontario vice-president predicts increases will have “a significant impact on their ability to compete in North America and globally. The Liberal government is also paying producers of solar, wind and other forms of green energy, up to 80 cents per kilowatt hour in 20-year contracts so how much more do you think you will be paying or how many thousands of people will lose there homes due to the outrageous cost of hydro pretty soon there won't be much difference in your hydro bill and a mortgage payment if you can still afford both maybe that's his plan to collect the HST when the house resells. Even now he admits the smart meter is not working to save the people of Ontario money. Pilot projects in Toronto found residential customers, on average, paid about eight per cent more for their electricity and with all the price increases on the way how is it possible for the consumer to save money which brings me to the point what is the sense of the smart meter with all these price hike coming in the future and the taxes you have invented on hydro and will continue to invent oh sorry there fees. Then if that's not bad enough McGuinty brings in the HST in the first month alone of the HST being implemented Ontario lost 30,000 full time jobs in July 2010 figures come from stats Canada. But he says the HST will create jobs but in July 2010 the construction industry alone lost 7700 of those 30,000 jobs. So I would like to ask how is McGuinty's plan good for Ontario but hold on folks it gets worse he has ordered all his Ministries to find new ways to invent new fees or to increase them which is another way of taxing you and in his 2007 election platform he promised not to raise taxes so I ask you how can Pinocchio and his Liberal colleagues be trusted to run Ontario any longer and don't forget do your laundry on weekends like he says. Now I would like you to go to this video and hear him say he will not raise taxes if re elected in 2007 Ross Ayotte Smith Falls, Ontario

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