The Ontario government plans to spend $3.2-billion on infrastructure after selling shares of Hydro One, but a local NDP Member of Provincial Parliament's not happy about it.
Essex MPP Taras Natyshak says his party is going to continue to fight the plan, regardless of what the Liberals say they'll do with the money, because they still don't like the sale of Hydro One.
"When the Auditor General took a look at the proposed sale and the financing of infrastructure through the sale, she concluded that this is the absolute worst way that a government could finance infrastructure spending," he explains.
Natyshak says 30% of the provincial utility is already gone, but he fears another 30% could be gone soon, and then the government will have no control over hydro rates.
For now, the Liberals say Ontario is on track to generate nearly $9-billion in gross proceeds and other revenue benefits from broadening the ownership of Hydro One, while remaining its largest single shareholder.
