Not all of it useful.
March 26, 2017
Ontario Energy Minister Thibeault claimed the government spent $35 billion on the electricity sector while Premier Wynne says it was $50 billion. But neither of them provided an accounting as to exactly what the money was spent on, and what the value was for ratepayers. They both claim the system was “broken” when the Liberals took over governing, and the money spent fixed the system.
If Minister Thibeault’s $35 billion is factual it would represent spending $8,000 per residential ratepayer; if Premier Wynne’s $50 billion is true it means $11,000 per ratepayer. Bear that in mind as you travel through my computations.
The spending via directives from the Energy Minister’s office were, and continue to be, frequent (well over 100 to the OPA [merged with IESO], OPG, OEB and Hydro One); the directives often had no connection to fixing anything, or generating…
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