Hydro One Sale Going Ahead Despite Watch Dog Warnings

Financial Accountability Officer Says Short Term Gains Not Worth It

The province will be in even worse shape after the sale of Hydro One stocks, according to Ontario’s budget watch dog. Recently appointed Financial Accountability Officer Stephen LeClair released a 41-page report this morning detailing the fallout of the power utility’s sale, which indicates the Province would be in decent financial shape in the short term, but in the years following the sale of Hydro One, LeClair says the province’s budget balance would be worse than if the sale never went through. Premier Kathleen Wynne responded to the report saying the sale will go through regardless, claiming this is the first step in realizing a 9 billion dollar injection into transportation and debt payments.