Letter to the Editor   Wynne Liberals Loan OPG / HYDRO One Unions $111m For Stock in Hydro One

Letter to the Editor   Wynne Liberals Loan OPG / HYDRO One Unions $111m  For Stock in Hydro One
 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

Ontario enlarged loans to unions so they could buy more shares in hot …

business.financialpost.com/…/ontario-enlarged-loans-to-unions-so-they-could-buy-more…

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 ... The Ontario Liberal government has said it would use the $1.66 … The unions are prevented from selling their shares, which are non-voting, until …

Electricity exports cost Ontario taxpayers $200 million in June …

www.torontosun.com/…/ontariotaxpayers-spend-200-million-on-exported-electricity…

Aug 12, 2015 – hydro A hydro tower in Toronto. (DAVE THOMAS, Toronto Sun) … 2015, brought costs to almost $1.1 billion for the first six months of 2015,” Gallant said. … “At a time when Ontario has the highest hydro rates in North America, the Liberal … wing public service unions for voting in governments that can’t add, ..

.Report says pension plans for Ontario hydro workers are …

kitchener.ctvnews.ca/report-says-pensionplans-for-ontario-hydro-workers-are-unsust…

Aug 2, 2014 – Ontario Power Generation wasn’t much better, with employees putting in just 24 … Leech, former CEO of the Ontario Teachers’ Pension Plan, ..
.

Ontario Sunshine List 2015 released – Toronto – CBC News

Mar 27, 2015 – There are about 12,500 employees from OPGHydro One and their subsidiaries … when the auditor general warned those salaries were driving up electricity rates. … Ontario provincial government and who earn more than $100,000 a year. … Generation, topped last year’s list with earnings of $1.71 million.

Ontario Power Generation CEO Tom Mitchell tops list again with $1.55M salary

Report says pension plans for Ontario hydro workers are …

kitchener.ctvnews.ca/report-says-pensionplans-for-ontario-hydro-workers-are-unsust…

Aug 2, 2014 – Ontario Power Generation wasn’t much better, with employees putting in just 24 … Leech, former CEO of the Ontario Teachers’ Pension 

30 Responses to "Letter to the Editor   Wynne Liberals Loan OPG / HYDRO One Unions $111m For Stock in Hydro One"

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.