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OCC: Partial sale of Hydro One draws response from Ontario Chamber Network

Friday, August 21, 2015

Chamber Network calls for assurance that partial sale of Hydro One will not impact electricity prices

In a letter submitted to Premier Kathleen Wynne today, the Ontario Chamber of Commerce (OCC) and a coalition of 36 Chambers of Commerce and Boards of Trade requested evidence that the sale of a portion of Hydro One will not directly impact electricity prices in the future.

While we are cautiously optimistic about the sale, there are details that have yet to be determined. The OCC and the Chamber Network are concerned that it could adversely affect the cost of doing business in the province, including adding to the rising price of electricity. As such, we are seeking clarity from government on how the sale will impact electricity prices.

The Ontario Chamber Network is committed to being an active participant in any discussions about the future of Ontario’s electricity system.

Read this letter

Read our report, Empowering Ontario: Constraining Costs and Staying Competitive in the Electricity Market

Read the Ontario PC Party response

Read the Ontario NDP response

Source: www.occ.ca




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