hydro privatization

Not Rex: Hacking away at Hydro One

Russian hackers planted malware in Hydro One computers to use them in zombie attacks, but the best of Ontario's electricity systems had already been hacked away by a government a little closer to home.

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Slowly but surely, Kathleen Wynne reveals herself to be a standard issue Liberal

I still think she's salvageable, said someone normally NDP but who's given up on provincial NDP leader Andrea Horwath. She meant Ontario Premier Kathleen Wynne. It's hard to recall the hopes Wynne once inspired and how fresh she seemed. Let's refresh our memories.

When she ran for Liberal leadership in 2013, she'd be asked, portentously, if she really thought someone like her could succeed in Ontario politics. What you mean, she'd say brightly, is: Can a lesbian from Toronto become premier? The way she put it made you think: Perhaps. It was bracing and confident.

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Passionate movement for public power is pushing back against hydro privatization

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In the early 1900s, Toronto entrepreneur Henry Pellatt used his enormous wealth to build the most magnificent private residence ever seen in Canada -- a stunning palace that took 300 workers three years to construct and featured an oven large enough to cook an ox.

The construction of Casa Loma put to rest any doubts about whether there was money to be made harnessing the power of Niagara Falls, which was how Pellatt had made his fortune.

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Time for police to investigate Hydro One sale

March 31, 2016 |

Following revelations that a bank underwriting the Hydro One sale backed a fundraiser that funnelled tens of thousands of dollars into Liberal party coffers, it is time for police to investigate.

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Debt looms over the good and bad in Ontario budget

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The good, even visionary, news in Ontario's recent budget was elimination of student debt to cover tuition, for all families under $50,000 of income and many above. It amounts to "free tuition." It doesn't matter if there's no new money provided to do it, or if it's "just moving money around," as the opposition says. It doesn't matter because a fateful dynamic was finally confronted.

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Parables of privatization: A cautionary tale of two telcos

Toby Sanger

| June 10, 2015

At a time when the Ontario Liberal government is planning to privatize Hydro One and other provincial governments are also planning significant privatizations, it's instructive to look back and see what the impact of earlier privatizations has been.

There's an excellent example right here in Canada of two neighbouring jurisdictions of a similar size, one of which privatized a utility and the other that kept its similar utility under public ownership. It should be seen as a cautionary tale and an indication of what is likely to happen with other privatizations.

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Kathleen Wynne sells one public asset to create another

"What does Kathleen Wynne think you do with a majority?" moped a friend. "What does she have a majority for? Harper knows what to do with one. He even knew what to do with a minority."

When she ran, Wynne seemed committed to new tolls or taxes -- to expand public transit. Then she backtracked, and decided to sell off parts of Hydro One instead. Why would it matter if you sell one public asset to create another? You're just robbing Peter to pay Paul. To understand why, stroll with me down to the newly "revitalized" Union Station on Front Street.

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Hydro One privatization has water and trade implications

Brent Patterson

| May 13, 2015

The Ontario government is planning to privatize the publicly owned electricity utility Hydro One.

The Globe and Mail reports, "Hydro One controls nearly all of Ontario's transmission lines, and also serves as the local distribution company for 1.4 million households. ...Premier Kathleen Wynne plans to sell 60 per cent of Hydro One on the stock market, in several increments. ...The Liberals believe they can raise $9-billion from the privatization. Of that, $5-billion will pay down debt in the electricity sector while $4-billion will be used to build new transit lines."

A reality check on Ontario's proposed Hydro One sale

Hugh Mackenzie

| April 29, 2015

One of the strangest arguments advanced for the Ontario government's sell-off of revenue-generating assets is that Ontario has to do it because it can't borrow enough to support the province's infrastructure renewal requirements.

It is a strange argument at a number of levels. First, there is absolutely no evidence that Ontario is anywhere near hitting a debt wall. Selling attractive debt securities into a market that is hungry for secure investments in stable jurisdictions, Ontario's bond issues are always oversubscribed at attractive borrowing terms. Where it really counts -- in the real world where people are paying real money for the right to a stream of future interest payments from the province -- the signals from the market are positive, not negative.

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This week in labour: Dissent springs eternal

OK, now even in the Maritimes spring has sprung and with it, a deluge of actions. This week the "Fight for $15" protests turned into what is being called the largest protests of low-wage workers in U.S. history, and thousands of Canadians joined their ranks. The best thing about these protests are the slogans, which turn fast-food platitudes on their heads with chants like "All those burgers, all those fries. We want wages supersized!" With more unions starting to mobilize for the election, if the pressure keeps up, we could be in for a hot summer of protests and change.

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hydro privatization

Not Rex: Hacking away at Hydro One

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Slowly but surely, Kathleen Wynne reveals herself to be a standard issue Liberal

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Passionate movement for public power is pushing back against hydro privatization

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Debt looms over the good and bad in Ontario budget

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Kathleen Wynne sells one public asset to create another

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This week in labour: Dissent springs eternal

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