Kathleen Wynne has announced that she will sell 60% of Hydro One for a one-time payment. Selling any portion of a vital, income-generating public asset is short-sighted and dangerous for communities in Ontario.
Selling Hydro One would drive up rates.
Electricity rate increases are bad for consumers, bad for businesses, and bad for the economy. Our rates are already on the rise and selling Hydro One would only make it worse. The more our electricity system is controlled by private investors, the harder it will be to prevent rate increases through the Ontario Energy Board (OEB).