Ontario Electricity Deregulation

and Hydro One. The first step toward deregulation.2

Despite warnings from energy consultants and other deregulated market places such as Alberta and California, the Provincial Government continued its quest to deregulate the electrical industry. They believed that deregulation would succeed in Ontario and that it had to be done. Back in 1995, Ontario Hydro had racked up an enormous $38 billion debt after decades of inefficiency and cost overruns.3 It was later revealed that Hydro One’s CEO, Eleanor Clitheroe, was receiving a multi-million dollar salary, and on top of that salary, enjoying hundreds of thousands of dollars a year in extra benefits, like cars, limousine services,

http://www.cbc.ca/storyview/CBC/2003/11/25/Consumers/ontelectricity031125

http://www.globeadvisor.com/servlet/ArticleNews/story/gam/20021116/RENER

http://www.geocities.com/torontotenants/misc/hydro2.html

Some topics in this essay:
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