tboy said:
Wait, did McSquinty not deregulate ontario hydro thereby resulting in the mess I'm in right now?
WIth the deregulation didn't the subsidies cease? Well, they were in place before and they're not now so what does that mean?
Nope and nope. 0/2
It was Harris who
tried to deregulate, then watched prices immediately skyrocket and cause an outpouring of condemnation from the general public that forced him to put price caps back on. As a result, new firms wouldn't invest with the price caps in place b/c it would cut into their profits and no new power generation came on line. Now we have Ontario Hydro split into a dozen or so smaller agencies, including the big 3 power suppliers (who are all competing with each other for labour, thereby driving up their/our labour costs).
McGuinty came in after the whole mess was created and did nothing for a couple years while the dust settled. He promised to close the coal plants but then learned that doing so would result in rolling blackouts b/c the lack of new supply (remember Harris?) couldn't meet demand. Thus the push for energy conservation and the most recent push for nuclear power. What people don't realize is that McGuinty living up to his promise means rolling blackouts. Uhh, no thanks.
McGuinty has (wisely) been slowly increasing the electricity rates to bring it closer to what it should be. We're still paying something like half as much as we should be. Every penny of subsidization is a penny tacked onto Hydro's debt. And when I say Hydro, I mean OUR debt.
Mike Harris royally, and I mean ROYALLY, fucked up Ontario's energy sector. Talk to anyone who knows about the sector and they'll tell you. Part of the reason he left when he did was b/c the chickens were coming home to roost and the NDP and Libs were going to plaster the media with his fucks up in the energy sector.
Splitting up Ontario Hydro would have been a smart move if he'd fully deregulated like he had planned. But he started, then stopped, then backtracked, yet left Hydro in pieces. As a result, we have an inefficient mess of companies keeping the lights on. All Harris did was cost the taxpayers of Ontario hundreds and hundreds of millions of dollars in damage.
But Progressive Conservatives won't talk about that when they put Harris up on his pedastal.