The price consumers pay for power is now a political decision, rather than an economic one Continue reading It’s the end of energy regulation in Ontario as we know it
Ontario’s Auditor General said the Fair Hydro Plan raises rates in the long-run, contravenes the province’s accounting standards and further erodes the independence of the Ontario Energy Board. Continue reading Auditor General rips into the Fair Hydro Plan
A Global News investigation has uncovered a single component of the Darlington nuclear project could cost half a billion dollars, four-times initial estimates. Auditors say project “plagued” by problems. Continue reading Key project at Darlington nuclear facility hundreds of millions over budget, delayed
The top five takeaways from the Ontario Energy Board’s decision on Hydro One’s transmission rate application. Continue reading What have you done for me lately? Takeaways from the OEB’s Hydro One decision
Nalcor’s Muskrat Falls hydro project will cost more than double original estimates, is years behind schedule and will impose triple-digit rate increases on electricity customers when it starts producing power. Continue reading Another megaproject pushing public utilities to the brink
The Fair Hydro Plan ads being rolled out by the province contain a number of misleading claims. Continue reading Fair Hydro Plan advertisements: fact check
Government-owned utilities have a costly, longstanding habit they can’t seem to kick: megaprojects. Continue reading Government’s mega utility projects spell mega-ruin
The Site C dam exhibits many of the same traits afflicting other megaprojects: an undermining of the regulatory system, accounting tricks that mask the real cost of the project and an explicit guarantee of a taxpayer bailout.
Canadian consumers and governments are straining to keep up with the costs of large electricity generating projects being constructed by publicly owned utilities.
Government-owned power utilities across Canada are pushing ahead with multi-billion dollar megaprojects, while undermining the regulators put in place to protect consumers from such reckless behaviour, according to a new analysis from the Consumer Policy Institute. Continue reading How megaprojects bankrupt public power utilities and leave regulators in the dark: report