Ontario Liberals are buying union votes at the hydro rate and taxpayers expense a recently retired Ontario Power Generation CEO made $1,528,933.36 in 2015
In 2014 at least 148 OPG and Hydro One employees made more than a quarter million dollars a year and there were 12,500 OPG and Hydro One employees who made more than $100,000.a year
Since the Wynne Liberals have sold off 15% of Hydro One with the help of a hundred and eleven million dollars loan to OPG and Hydro One unions to buy stock in 2015 Hydro One, salaries are no longer required to be published on the Sunshine Club list.
Premier Wynne states the Liberals are selling off 60 % of Hydro One and retaining 40 % OPG workers will get equivalent to 2.75 per cent of their salary for 15 years in stock. Hydro One employees will get shares equivalent to 2.7 per cent of their salary for 12 years in stock in exchange to support Premier Wynne in the sale of Hydro One .
From the so called 60 % sale of Hydro One Premier Wynne says Ontario will make $9 billion , then Premier Wynne states $5 billion will go back into Hydro One so in reality is Wynne selling Hydro One for 4 Billion ? or is the 5 Billion going back to pay the 5 Billion OPG and Hydro One are short in their pension fund?
Ontario hydro ratepayer and taxpayers are supposed to be putting in almost $5 for every $1 employees are putting into these unsustainable pension plans anyway you look at it the Ontario hydro rate and taxpayers ends up on the losing end of this failed energy experiment. On another note the Ontario ratepayers/ taxpayers paid almost 1.1 billion dollars to export excess power off the grid in the first 6 months in 2015 while our rates continue to rise and we continue to over produce hydro in Ontario while Quebec,Manitoba and the States get free hydro or for pennies a kwh
Ross Ayotte Smiths Falls
Source down below
Nov 5, 2015 – The unions were to use the 15-year loan, held in trust, to buy Hydro One … Accordingly the costs in the $36 million loan refer to the financial-services expenses ..