NDP Finance critic John Vanthof demanded to know why Doug Ford is supporting the privatization of Hydro One after a report from the legislature\u2019s independent Financial Accountability Officer showed adopting \u00a0Kathleen Wynne\u2019s hydro plan, as Ford has decided to do, will add billions more to hydro bills and the deficit.<\/p>\n
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\u201cPrivatization of Hydro One is a waste. It was a bad Liberal Plan that\u2019s now a bad Ford plan,\u201d said Vanthof. \u201cIt\u2019s a deal that helps backroom insiders and big banks, and hurts people. It\u2019s not a plan for the people. It\u2019s a plan for the rich.<\/p>\n
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\u201cHow can the premier justify Hydro One privatization that adds billions to the deficit?\u201d<\/p>\n
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The Financial Accountability Officer (FAO) tabled his annual report on Tuesday where he specifically highlighted two of his office\u2019s most important reports: the real cost of selling off Hydro One, and the real cost of the Liberal hydro plan, which Ford has now adopted as his own hydro plan. The FAO\u2019s non-partisan, expert report shows that privatizing Hydro One will cost Ontario $45 billion, increasing \u00a0the province\u2019s deficit and adding billions to hydro bills.<\/p>\n
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\u201cLast week the energy minister said he wasn\u2019t that familiar with the Liberal plan. The only thing is that the Liberal plan is now the Conservative plan,\u201d said Vanthof. \u201cThe FAO\u2019s non-partisan expert report shows that bills will increase permanently and people will soon see annual increases nearly 7 per cent annually.<\/p>\n
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\u201cWhy is Ford adopting a plan that will increase people\u2019s hydro bills by billions?\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
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