On­tario-Que­bec power deal to be probed

North Bay Nugget - - NEWS -

Fol­low­ing a re­quest by PC fi­nance critic Vic Fedeli and PC energy critic Todd Smith, On­tario’s Fi­nan­cial Ac­count­abil­ity Of­fi­cer has agreed to re­view the Elec­tric­ity Trad­ing Agree­ment en­tered into last fall by the Kath­leen Wynne gov­ern­ment and Que­bec. The re­view fol­lows writ­ten re­quests sub­mit­ted to the FAO in July by the two MPPs. “I am con­cerned that the fi­nan­cial de­tails of this trans­ac­tion have not been re­leased to the pub­lic,” Fedeli wrote. “It is im­por­tant that we learn the facts so we can eval­u­ate the im­pacts on the econ­omy, in­clud­ing job losses caused by this se­cret deal, as well as the ef­fect on elec­tric­ity ratepay­ers,” he con­tin­ued, point­ing to the clo­sure of sev­eral small power gen­er­a­tors across On­tario that fol­lowed in North Bay, Kapuskasing, Kingston, Mis­sis­sauga and other com­mu­ni­ties, re­sult­ing in about 100 lost jobs. This probe is timely given re­ports this week that Wynne may be about to en­ter into an­other energy deal with Que­bec at a time On­tario is al­ready pay­ing oth­ers to take its sur­plus power. “Energy ex­perts are de­rid­ing th­ese lat­est se­cret ne­go­ti­a­tions. This is bad for On­tario’s econ­omy and for hy­dro cus­tomers. I worry the pre­mier is only do­ing this for po­lit­i­cal op­tics at a very high cost to the peo­ple of On­tario,” said Fedeli.

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