Saturday, July 23, 2016

WYNNE'S NEVER-ENDING OBSESSION FOR YOUR MONEY

The great Ontario Liberal electricity cash grab isn’t over yet. The government has sold off 30 per cent of its shares in the province’s biggest monopoly power distributor, Hydro One, netting about $3.7 billion. Another 30 per cent will be sold later. The money raised from shareholders in the market will fall into a slush fund the Kathleen Wynne government says will be used to pay for “investment in public infrastructure” and help balance the provincial budget.
But there’s more to come. The province is busy orchestrating another electricity deal to net the government hundreds of millions more.
 

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