Hydro One announcement means less control, more cost for Ontarians: NDP

Ontario NDP Energy Critic Peter Tabuns issued the following statement:

“Today’s announcement by Hydro One to acquire and merge with American utility giant Avista should raise red flags for every Ontarian who is struggling to pay their unaffordable hydro bills. This move to create a huge multinational utility means less control over our province’s electricity system and more financial risk for Ontarians.

It also raises real concerns about job security for Ontarians. It’s clear that the new Hydro One’s first responsibility is to its international shareholders, not to the people of Ontario. By ignoring the wishes of Ontarians and selling off Hydro One, Kathleen Wynne put the interests of investors around the globe ahead of the interests of our province and all of us who live here and pay a hydro bill.”