‘Worst deal in the province’s history’: Opposition slam Ontario’s ‘ludicrous’ Hydro One sell-off

Business | 81681 hits | Oct 30 10:33 am | Posted by: N_Fiddledog

The deal could cost the province $500 million a year in the long term, which is more expensive than had the government simply borrowed the money, the provincial budget watchdog found

Comments

by QBall
Fri Oct 30, 2015 8:37 pm
Can this embarrassment of a government please put the well-being of the province ahead of their own political gain for once?!
by 2Cdo
Fri Oct 30, 2015 8:43 pm
I fully expect that those who condemned the Conservatives for selling the ETR to applaud the fiscal genius of Wynne and the Liberals.
by PluggyRug
Fri Oct 30, 2015 9:14 pm
Hydro rates are set to rise again this weekend.
by OnTheIce
Fri Oct 30, 2015 11:16 pm
Where's Beaver? I would fully expect him to jump in and defend the actions of his beloved Kathleen.

Why is it that this government gets away with so much?

On the 407 sale...

From our good friend, local Liberal hack, BeaverFever:

The above are not casual missteps, they are so unheard of and radical, that for them to be key parts of the largest privatization in Canadian history, it's obvious that they are the deliberate actions of far-right privatization ideologue.

Beaver was quite vocal on the sale of the 407 and notably absent on the Hydro One file.
by Jabberwalker
Sat Oct 31, 2015 12:27 am
The only deal that I can remember that was a stupid as this one was when the Harris government sold off the 407 for a tiny fraction of its worth. They also sold off a major cash flow for peanuts.

Both governments trading the family cow for a handful of magic beans ...
by BeaverFever
Sat Oct 31, 2015 1:03 am
"OnTheIce" said
Where's Beaver? I would fully expect him to jump in and defend the actions of his beloved Kathleen.

Why is it that this government gets away with so much?

On the 407 sale...

From our good friend, local Liberal hack, BeaverFever:

The above are not casual missteps, they are so unheard of and radical, that for them to be key parts of the largest privatization in Canadian history, it's obvious that they are the deliberate actions of far-right privatization ideologue.

Beaver was quite vocal on the sale of the 407 and notably absent on the Hydro One file.

Nope I'm pretty sure I've said here that I'm not a fan of this sale. Not one bit. Selling off crown assets is a conservative tactic and Liberals should have none of it.
by Thanos
Sat Oct 31, 2015 1:09 am
It'll be like when the Germans bought the nuclear power plant from Mr. Burns. They'll find out that the place is such a messy piece of shit that they'll probably sell it back to Ontario at a loss just to get rid of the damn thing. Only this time the sale doesn't come with a Land Of Chocolate. Just bills that are so big they can never be paid.
by OnTheIce
Sat Oct 31, 2015 12:42 pm
"Jabberwalker" said
The only deal that I can remember that was a stupid as this one was when the Harris government sold off the 407 for a tiny fraction of its worth. They also sold off a major cash flow for peanuts.

Both governments trading the family cow for a handful of magic beans ...

This is far worse than that.

The best part is the Liberals have been using the 407 as a talking point for 15 years and now, they're going to give the NDP and PC's ammo for the next 20 with this deal.

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