The advice from Ed Clark to Kathleen Wynne was unequivocal: Hydro One’s electrical wires are too strategic to privatize.
“We believe Hydro One transmission should
remain in public ownership as a core asset at this time,” the
privatization czar wrote in an interim report to the premier last
November. “We believe this is an asset that, retained in public
ownership, can play a positive policy role.”
remain in public ownership as a core asset at this time,” the
privatization czar wrote in an interim report to the premier last
November. “We believe this is an asset that, retained in public
ownership, can play a positive policy role.”
That was five months ago.
Five days ago, Clark unplugged that advice — and reversed polarity — by urging the government to privatize the electrical utility
after all. It was akin to reversing the flow of Niagara Falls, but
Wynne swam in the current with him, buying into Clark’s “sell”
recommendation with astonishing alacrity.
after all. It was akin to reversing the flow of Niagara Falls, but
Wynne swam in the current with him, buying into Clark’s “sell”
recommendation with astonishing alacrity.
