News Release - September 29, 2015
On October 1, 2015 City Council will determine whether it will join the growing number of Ontario municipalities (at last count more than 170 municipalities) in opposing the provincial government’s plan to privatize 60 percent of Hydro One. These municipalities, ranging from Amherstburg to Whitby, have passed resolutions formally opposing the privatization of Hydro One citing wide spread concerns about the lack of public accountability, poor quality of service and rising hydro rates as observed in Nova Scotia after a decade of hydro privatization.
If Councillor Wong-Tam’s motion is seized from the Executive Committee and adopted by City Council, it will call on the Province to continue operating Hydro One as a publicly owned asset, and only sell Hydro One assets to other public entities should the Province move forward with the sale.
Toronto Hydro is reliant on Hydro One's electrical grid to deliver electricity to businesses and homes. Keeping hydro rates affordable promotes economic and social activity, and job creation. The Ontario Chamber of Commerce says 20,000 Ontario businesses will close in the next five years due to rising electricity rates.
In a rare demonstration of collective action, the eight independent officers of the Ontario legislature including the Auditor General and Ombudsman came together to condemn the Hydro One sale, warning it will shield the company from public scrutiny.
Media Availability: Toronto City Councillors, Rosario Marchese from Hydro One Not for Sale, and Katrina Miller from Keep Hydro Public will be available at 8:45am on Thursday, October 1st at A-Street Reception to deliver a statement.