About two years ago, California decided to privatize its electric power system. They did not make sure there was enough cheap power available and when a hot spell of weather arrived, they could not operate all the air conditioning and power blackouts were commonplace.
Finally, they bought power from British Columbia but had to increase the retail price.
Alberta, at about the same time, also privatized, also had to buy from British Columbia and Manitoba, and also had to increase the cost by 10 percent.
As his last kick at the workers of Ontario, Premier Harris has brought in a bill to privatize Hydro One to be profitable, to pay off the mortgage, to earn profits, etc. There is no doubt that each and every one of us will have to pay 10-20 percent more for what has become a necessity.
Ontario’s industrial growth has been attributed to cheap power. It started with the development of Niagara Falls in the late ’20s and early ’30s. Cheap power increased our standard of living right across the province.
I wonder if the people of this province are ready to see their standard of living recede.
At the same time, Harris insists the full cost of water and sewer be charged to the users. Any increases will be blamed on the local government, not on the province. It is his normal way of not taking the blame for his policies.
The real reason for the privatization is to make large profits available for rich corporations. Already, the banks and their friends are discussing the funding and formation of firms to bid on Hydro One.
Fort Frances, Ont.