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Province to control Hydro One, after sale: Chiarelli by Bob Mitchell Oakville Beaver Staff 7 | Thursday, June 11, 2015 | OAKVILLE BEAVER | www.insideHALTON.com Hydro One will still remain under government control even after part of it's sold, Ontario Energy Minister Bob Chiarelli says. "Hydro One has never had the power to set its own rates and a private Hydro One will never have the power to set its own rates," Chiarelli said Friday at an energy symposium in Oakville. Hosted by the Oakville Chamber of Commerce and Professional Engineers of Ontario (PEO) Oakville Chapter, the forum included several guest speakers and discussion groups on a variety of energy-related topics. Chiarelli said 100 per cent of the net profits from the sale of Hydro One by legislative law would also be used to improve roads, highways, bridges, transit and other infrastructure. "Our government is committed to spending $130 billion over the next 10 years in infrastructure improvements," Chiarelli said. "... and it will create thousands of jobs in the years ahead." He insisted the money wouldn't come from tax increases, new debt or program reductions. "We will ensure taxpayers and ratepayers are protected," he said, insisting all funds would be generated from sales of government assets. The provincial government decided to embark on an "aggressive" plan to sell assets such as Hydro One, the LCBO, The Beer Store and significant real estate holdings, where possible, in with was going to cost more. It's rate-based." The 25 per cent of coal power that was replaced was done so mainly by 20 new natural-gas powered stations and other types of generation, such as water power, including the new generation stations in Niagara ($1.2 billion) and northern Ontario ($2.6 billion), Chiarelli said. "This system was desperately broken when our government came into office," Chiarelli said. "We had electricity deficits, threats of brownouts and 25 per cent of our power was generated by dirty coal." The system managed to survive by importing electricity at a cost of about $1 billion annually, Chiarelli said. see Ontario on p.10 Ontario's provincial government will still control Hydro One after its privatization, Energy Minister Bob Chiarelli tells an Oakville audience Friday. | photo by Nikki Wesley ­ Oakville Beaver order to "mitigate" increased pressures on power rates as a result of Ontario's climate change and carbon plans that included eliminating all coalpowered transmission stations, Chiarelli said. He went on to say Ontario's elimination of coal is the single largest climate change emission reduction program in North America. "An unprecedented level of investments and abolishing coal generation put major pressure on prices," Chiarelli said. "But replacing dirty coal, one of the cheapest forms of power, also put significant upward pressure on prices... Anything we replaced coal swimming pool & hot tub sale !!!* 12' x 24' inGround kidney shAPed Pool Free instAllAtion Above Ground Pools* 15' round $2299 18' round $2499 12' x 20' ovAl $3499 15' x 25' ovAl $3999 $ 27,999 instAlled* sWiM sPAs FroM $ vinyl & FiberGlAss AvAilAble 16,999* solAr blAnkets* 12' 14' 16' 18' 20' x x x x x 24' 28' 32' 36' 40' 49.99 59.99 $ 79.99 $ 99.99 $ 129.99 $ $ FACtory direCt vinyl liner sAle rePlACe your old liner And 1hP PuMP* 2014 Model hot tub CleArAnCe 250,000 btu Pool heAter* sAve biG!! x x x x x 24' 28' 32' 36' 40' $ $ 504 IROQUOIS SHORE ROAD, UNIT #1, OAKVILLE, ON L6H 3K4 www.leisureindustries.ca 905.815.5252 *Limited Time Offer, No Dealers Please, Quantities Limited. Restrictions apply. Check in store for details. Not applicable on prior sales. O.A.C. * Products may not be exactly as pictured. MANY MORE SIZES AVAILABLE 12' 14' 16' 18' 20' 999 1199 $ 1399 $ 1599 $ 1999 $ 26999 $ From 1,599* $ 1,499