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
Key project at Darlington nuclear facility hundreds of millions over budget, delayed
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
What have you done for me lately? Takeaways from the OEB’s Hydro One decision
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
Another megaproject pushing public utilities to the brink
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
Fair Hydro Plan advertisements: fact check
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’s mega utility projects spell mega-ruin
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
Megaprojects like Site C bankrupt power utilities
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.
Continue reading Megaprojects like Site C bankrupt power utilities
Canada’s $43B tab for hydro, nuke projects puts strain on utilities, consumers
Canadian consumers and governments are straining to keep up with the costs of large electricity generating projects being constructed by publicly owned utilities.
Continue reading Canada’s $43B tab for hydro, nuke projects puts strain on utilities, consumers
How megaprojects bankrupt public power utilities and leave regulators in the dark: report
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
Ontario’s conservation program another corporate welfare handout
Ontario ratepayers will pay $100 million for a conservation program that experts admit is unnecessary. Continue reading Ontario’s conservation program another corporate welfare handout
Consumer Policy Institute 