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
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
Ontario is repeating its failed public power experiment. Continue reading Ontario’s public power failure redux
Ontario’s Minister of Energy made a number of misleading and inaccurate statements on TVO’s “The Agenda”. Continue reading Clearing the air
Why Ontario’s electricity customers can expect a new Debt Retirement Charge. Continue reading A new debt retirement charge for Ontario electricity customers