16:26
I am stuck with Wynne selling a big chunk of Hydro for a one time gain, long term loss.
Mr Ballard likely went along even though he had seen what happened when Aurora sold their Hydro and became
dependant on other towns to help out. He actually tried to order Power Stream to report to Council after the ice storm
Posted by Anonymous to Our Town and Its Business at 29 October 2015 at 19:04
Posted by Anonymous to Our Town and Its Business at 29 October 2015 at 19:04
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MLA Ballard can have little to say about government plans to sell Hydro. As a backbencher and a member of caucus ,he'd be well served to have the cabinet decision explained to him.
The latest information on the forecast value of the asset for sale is down from $ 4 to 1.2 billion.
Readers may re-call when P.C. Premier Mike Harris contemplated selling Hydro One, in the nineties. There was zero interest in buying.
The proposed sale is for part of Hydro with the government maintaining control.
I claim no expertise in matters of high finance. But it does seem that partnering with government as major shareholder and controlling interest may not be as attractive to the private sector as the government hoped.
There was only one way to find that out. And they have.
The Financial Accountability Official has spoken. The deal is a dud.
The question is, just how desperate is the government to get out of the hole they dug for themselves.?
I would trust The Honorable Deb Mathews before The Honorable Charles Sousa.
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And then you have Liz Sandals c;aiming that paying off the unions does not have any influence
on their support for the government.
You would trust Deb Mathews before Charles Sousa? I would trust a stranger on the street with my money than trust one of these two. Between the gas plant, E-health and Orange...the two of them are 2 peas in the trust pod.
Ms Wynne is managing to piss off an awful lot of Ontario residents. I do hope she does not think the
national election offers her job protection.
10:45-Unions love her, and if she's throwing this kind of money at them now. God knows the kind of money she'll be throwing at them come the next election.
I think this is for 60% of Hydro One- the gov't would not have control in that case.
12:43
May I disagree here ? I think the teachers unions that took the money are furious that it has become known. They
are going to have to do some explaining of their own to their own. Those not being gifted will be equally ticked off.
It all looks very bad...... she saved all the other stuff up until after the election but didn't count on the Globe.
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