By Dave McKee, CPC (Ontario) leader
Great Lakes Power Transmission in Sault St. Marie, Orillia Power Distributing Corporation, Peterborough Distribution Inc., Wellington North Power in Mount Forest, Haldimand County Utilities, Guelph Hydro, Toronto Hydro. Over the past three years Hydro One, Ontario’s largest publicly owned electricity transmission and distribution utility, has moved to purchase a wide swath of local utilities, most of them publicly owned.
On the surface, it sounds okay – Hydro One’s public argument has been that the mergers make the public electricity system more efficient and effective, yielding lower costs and greater reliability. Public-to-public takeovers are a win-win deal for everyone, right?
Not so fast. (more…)