Is Premier Wynne coming clean on her plans for Hydro One? Joe Gaetan doesn't think so.

opinionandcommentBy Joe Gaetan

May 16, 2015


By Joe Gaetan is like a dog with a bone – he just isn’t going to let it go until he has ever last bit of meat on it.  Gaetan has been tracking the progress of the province’s “discussions” and Premier Kathleen Wynne’s statements on any plans to sell Hydro One.

According to a March 10, 2015 CBC report, “Ontario Premier Kathleen Wynne said she hasn’t made any final decisions yet on asset sales, but she did not dispute a report that she is planning to sell shares in Hydro One”.

Hydro transmission lines

There are thousands of Ontarians who don’t think selling Hydro One is a very smart idea. The Premier appears to have already made up her mind. Have you?

Fellow Ontarians, in spite of her waffling, Premier Wynne must have been planning something big, because it’s now called Bill 91, The Building Ontario Up Act (Budget Measures), 2015. It’s Current Status, “The Bill has been Ordered referred to Standing Committee pursuant to the Order of the House Standing Committee on Finance and Economic Affairs”.

The purpose of the Act is to implement Budget measures and to enact and amend various Acts. If you feel like reading the lengthy document you will come across sections such as Schedule 1 that deals with making Ontario a more beer friendly province, containing folksy language such as hectoliters, standard bottles of beer, microbrewers, beer, wine and wine coolers.

To pave the way to sell off Hydro One, Wynne apparently knew she had to change a slew of acts such as, The auditor General Act, The Broader Public Sector Accountability Act, The Co-operative Corporations Act, The Financial Accountability Officer Act, The Financial Administration Act, The Freedom of Information and Protection of Privacy Act, The Commodity Futures Act and most importantly The Electricity Act, 1998.

Wynne H&S tight

Premier Kathleen Wynne – is she ready to say definitely where she stands on the possible sale of Hydro One?

For someone who wasn’t sure on March 10, Premier Wynne sure was busy doing a lot behind the scenes in anticipation of making her final decision found in B91. The piece de resistance of B91 is, Section 48.2 subsection (5), the section that deals with Restrictions on Province’s sale, etc. and specifically where the province,” shall not sell, dispose of or otherwise divest any common shares of Hydro One Inc. if the sale, disposal or divestment would result in the Minister on behalf of Her Majesty in right of Ontario owning a number of common shares that is less than 40 per cent of the outstanding number of common shares of Hydro One Inc.

Premier Wynne “what is it you can’t face”, maybe the truth about selling 60% of Hydro One all along?


Return to the Front page
Print Friendly, PDF & Email

Comments are closed.