Ontario’s Power Trip: How the Liberals drove electricity prices up 100%

This is a superb overview, from Parker Gallant, of the planning boondoggle in Ontario’s electricity system.
I use ‘boondoggle’ as an homage to another writer of another excellent article currently on the FP site:  Ontario’s Power Trip: The $733-million gas boondoggle — by Bruce Sharp

Ontario’s Power Trip: How the Liberals drove electricity prices up 100% — by Parker Gallant | FP Comment | Financial Post:

Back on March 31, 2004, Energy Minister Dwight Duncan uttered these words in the Ontario Legislature in response to a question on the Liberals energy policy;
“If we address energy policy in a responsible way, our economy will prosper and our families will have a stronger Ontario in which to grow. Our initiatives include aggressive conservation, new supply and accountability at our Crown corporations. Bill 15 will help us meet our goals on accountability and transparency.”
At that point in Ontario’s history the unemployment rate sat at 6.6% (February 2004) and today (September 2012) the unemployment rate is 7.9%.
It is important to take a look at how that “energy policy” has emerged over the last eight years to determine if the initiatives Minister Duncan talked about actually accomplished the goals he mentioned.

Read Parker Gallant’s entire article at the Financial Post:

Read Bruce Sharp’s article at the Financial Post

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