Photo: Bill Walker
Bill Walker MPP Bruce-Grey-Owen Sound

Bill Walker MPP

Media Release:


For Immediate Release
July 21, 2017

MPP Walker says ratepayers miffed by Hydro One’s drastic U-turn

 QUEEN’S PARK – It was just one month ago when Bruce-Grey-Owen Sound MPP Bill Walker stood before the Ontario Energy Board (OEB) members in Owen Sound to tell them to zap future hike rates so that ratepayers could catch a break on bills. Walker says at the time, Hydro One executives were crying poor and defending their latest rate increase proposal as a necessary cost to fix a backlog of repairs.
 
“So imagine my shock when I read the news that Hydro One was now purchasing an American corporation, Avista Corp., for $7 billion in cash,” Walker said. “Between the cash offer and its CEO’s lofty $4.5-million yearly salary, it’s hard to believe anything Hydro One says these days. This is a drastic U-turn, and the benefit of the doubt is gone.”
 
Walker said his constituents like all Ontarians deserve a break on their hydro bills, not to be on the hook for billions of dollars that Hydro One is spending on foreign companies.
 
“I want to hear the Liberal government tell the Ontario Energy Board (OEB) to reject Hydro One’s application for yet another unaffordable rate increase for Ontario families. I want to hear the Premier and her party stand up for ratepayers.” Walker said. “How do they justify this $7-billion purchase of an American company while Hydro One is asking Ontario customers to pay more?”
 
In June, Hydro One applied for another rate increase that would see Ontario ratepayers paying $141 more over five years.
 
“Life is too unaffordable under the Liberals and Ontarians can’t afford yet another rate hike,” Walker said. “Local families are struggling to put food on the table, businesses are struggling to stay in the black and public institutions like hospitals and schools are forced to divert money from public services because hydro costs keep climbing higher. Why are we paying more while consultants, lobbyists, and executives are getting rich off the purchase of foreign companies? The right thing is to stop the rate hike.”

 
CONTACT: Ana Sajfert | ana.sajfert@pc.ola.org | 416-325-6242


 
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