Aug 11, 2017 @ 08:12<\/b><\/p>\n
Following a request by\u00a0PC Finance Critic Vic Fedeli and\u00a0PC Energy Critic Todd Smith,\u00a0Ontario\u2019s Financial Accountability Officer has\u00a0agreed to\u00a0review the Electricity Trading Agreement entered into last fall by the Wynne government and Quebec.<\/p>\n
The review follows written requests submitted to the FAO\u00a0in July\u00a0by the two MPPs.<\/p>\n
\u201cI am concerned that the financial details of this transaction have not been released to the public,\u201d Fedeli wrote.<\/p>\n
\u201cIt is important that we learn the facts so we can evaluate the impacts on the economy, including job losses caused by this secret deal, as well as the effect on electricity ratepayers,\u201d he continued, pointing to the closure of several small power generators across Ontario that followed in North Bay, Kapuskasing, Kingston, Mississauga and other communities, resulting in about 100 lost jobs.<\/p>\n
This probe is very timely given reports this week Kathleen Wynne may be about to enter into another secret energy deal with Quebec at a time Ontario is already paying others to take its surplus power.<\/p>\n
\u201cEnergy experts are deriding these latest secret negotiations.\u00a0\u00a0This is bad for Ontario\u2019s economy and for hydro customers.\u00a0I worry the Premier is only doing this for political optics at a very high cost to the people of Ontario,\u201d said Fedeli.<\/p>\n
In a separate request, the FAO will also consider the impact of recent interest rate increases, strengthening Canadian dollar, and changes in the Toronto real estate market as they prepare their Fall Economic and Fiscal Outlook.<\/p>\n
\u201cI believe it\u2019s important for MPPs and the public as a whole to understand these potential impacts, and how they affect the government\u2019s planning and actions going forward,\u201d wrote Fedeli.<\/p>\n","protected":false},"excerpt":{"rendered":"
Aug 11, 2017 @ 08:12 Following a request by\u00a0PC Finance Critic Vic Fedeli and\u00a0PC Energy Critic Todd Smith,\u00a0Ontario\u2019s Financial Accountability Officer has\u00a0agreed to\u00a0review the Electricity Trading Agreement entered into last fall by the Wynne government and Quebec. The review follows written requests submitted to the FAO\u00a0in July\u00a0by the two MPPs. \u201cI am concerned that the …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-5621","post","type-post","status-publish","format-standard","hentry","category-provincial"],"publishpress_future_action":{"enabled":false,"date":"2026-05-06 03:22:13","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/5621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/comments?post=5621"}],"version-history":[{"count":1,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/5621\/revisions"}],"predecessor-version":[{"id":5622,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/5621\/revisions\/5622"}],"wp:attachment":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/media?parent=5621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/categories?post=5621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/tags?post=5621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}