November 17th, 2015

Together, We Can Keep Hydro Public!

TogetherHydroPublic

TWEET YOUR LIBERAL MPP TO SHOW YOUR SUPPORT FOR ONTARIO NDP LEADER ANDREA HORWATH'S MOTION TO STOP THE SELL-OFF OF HYDRO ONE

SPECIAL DEBATES – OPPOSITION DAY/DÉBATS SPÉCIAUX – JOUR DE L’OPPOSITION

Ms. Horwath — Whereas Ontario's Financial Accountability Office has reported that 'with the sale of 60 per cent of Hydro One, the Province's budget balance would be worse than it would have been without the sale';
Whereas Ontario's Financial Accountability Office has discredited the government rationale for selling Hydro One by showing that while the government claimed the sale would raise $4 billion in new cash for infrastructure, the sale may raise as little as $1.4 billion;
Whereas the government claimed the sale would reduce the provincial debt by $5 billion, and the Financial Accountability Office showed the sale will actually increase the debt by $2.7 billion by 2025;
Whereas the sale of Hydro One will mean losing half a billion dollars in stable, annual revenues;
Whereas selling Hydro One will mean less revenue to invest in transit, healthcare, or education;
Whereas the Liberal government has sold approximately 15% of Hydro One, but the government can stop the sale of any further shares;
Whereas there is still time for the Premier and Cabinet to halt the sale of all of the remaining shares of Hydro One;
Therefore, in the opinion of this House, the government shall immediately stop the sale of any more shares in Hydro One.
Addressed to the Premier. To be debated Wednesday, November 18, 2015.