Wynne’s Hydro sale doesn’t make sense

Re Ontario to sell $2.8B portion of Hydro One, May 10 Let’s do the numbers on the sale of Hydro One. Premier Kathleen Wynne will net $4 billion from the sale after paying off some debt. Sixty per cent of Hydro One makes about $500 million annually.

That’s only eight years of revenue. After that, for the entire future history of Ontario, governments will have a $500-million shortfall to make up. Does that make any sense to anyone?

The Ontario Electricity Coalition stopped the sale of Hydro One in a province-wide campaign and court case in 2002, proving the Ernie Eves Conservative government didn’t have the right to sell it.

The government marched right back into the Legislature and passed Bill 58, giving them the right to sell Hydro One. They didn’t dare do it because of public opinion. It is this legislation that Wynne is using to sell Hydro One.

This sale, along with the phoney rate reduction and rate freeze guarantees that after four years, skyrocketing hydro rates will return, because the root causes of high rates — deregulation and privatization — have not been addressed. Paul Kahnert, former spokesperson for Ontario Electricity Coalition, Markham I don’t know who Kathleen Wynne thinks she is but she doesn’t have the consent of Ontarians to sell our assets.

She was elected to act in our best interests, not to fleece us. She must be using Mike Harris, he of the Hwy. 407 boondoggle, as her financial adviser.

Energy Minister Glenn Thibeault said the CUPE lawsuit is “without merit.” How can it be without merit when the Liberals are selling something they don’t own? What’s next, the LCBO?

A warning to anyone who is neighbours with Wynne or Thibeault: Don’t ask them to house-sit while you are on vacation. They might find a way to sell your house. Warren Dalton, Scarborough