Ontario Premier Kathleen Wynne is poised to embark on one of the largest privatization gambits in province’s history, selling off part of a Crown corporation that has bedevilled her predecessors. Her goal: to rationalize the province’s electricity market with a major reform and find money to pay for her many infrastructure projects.
Three previous premiers have considered selling ownership stakes in Hydro One Inc., which runs most of the province’s electricity transmission and distribution to some 1.4 million customers. However, previous truncated or abandoned efforts, and other missteps, have left Ontario’s electricity system struggling to cope with inefficiencies and competing demands.
ADRIAN MORROW – Globe and Mail – March 13, 2015.
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