The Canadian Press

2015-04-16 | Ont Assets Hydro

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Premier Kathleen Wynne says she hopes hydro rates will not increase under plans to sell off a majority of Hydro One and merge several Toronto-area networks, but she can't make that guarantee. A gradual sale of 60 per cent of Hydro One will begin with an initial public offering of 15 per cent. Wynne says hydro rates will continue to be set by the Ontario Energy Board. (Wynne says that the changes being made in the electricity sector should lead to a more efficient distribution system and downward pressure on prices.)

Date: 2015-04-16
Placeline: TORONTO.
Source: The Canadian Press
Length: 20 seconds

Transcript Prediction: << my hope is that making these changes we will have a better company we will have a better and more efficient distribution system and as a result we will see that there that there is control of of hydro rates within the system >>


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