The MPP for Nipissing is asking people not to get fooled by the Premier’s 25 hydro cut announcement last week.
Vic Fedeli says one reason why our power is so expensive is we produce energy we don’t need then sell the excess to Quebec or the U.S. at a discount.
Fedeli says we did that just last Thursday where Ontario produced 30-thousand megawatts of power, used only 18-thousand and sold the surplus.
Fedeli says despite that the Premier says she understands why electricity is expensive, she continues to make the problem worse.
He also says there are three guaranteed ways to reduce rates at Hydro One.
He says stop signing contracts for new power we don’t need, don’t sell anymore of Hydro One and rein in the utility’s corporate executive pay.
Fedeli says what the top people at Hydro One make is through the stratosphere compared to other provinces.
Fedeli says last week’s 25 percent hydro cut by the Liberals will add billions of dollars in interest in order to spread today’s rates over the next several decades.
Fedeli says we can truly lower energy rates by stop signing new energy contracts, stop the further sell-off of Hydro One and rein in the utility’s corporate executive pay.
(Written By: Rocco Frangione)