Kathleen Wynne is using reduced power rates to buy votes ahead of next year’s Provincial election.
That’s the view of Sarnia MPP Bob Bailey who says Wynne’s “Fair Hydro Act” rolled out last month is nothing but a “shame”. Under the Act residential power rates are being reduced 25% but Bailey says it is a short-term fix until after the election.
He told the Rotary Club of Sarnia Bluewaterland Wynne has pushed $50 billion in hydro debt out 50 years to bring rates down temporarily.
“She is desperate to get re-elected,” says Bailey “and will do absolutely anything to make voters believe she has a handle of skyrocketing hydro costs”.
But he says a leaked Liberal cabinet document says the current decrease will be rapidly followed by a 61 per cent increase after the election. “In a few short years we will be paying more for power than ever. What is fair about that?”
Bailey also cited the botched gas plants as an example of everything that is wrong with Wynne’s hydro policy. The plants moved from Oakville and Mississauga to Napanee and Courtright have now cost more than $3 billion. And once completed the two plants will operate only one of two days a year.
“We have so much expensive power in Ontario and we give it away free to our American neighbours. Lucrative contracts for outrageously priced wind power are leaving Ontarians to decide whether to put food on the table or pay their power bills”.
If elected Bailey says the Conservative Government will get out of overpriced wind and solar contracts with Suncor, Nextera Energy and Samsung.
Nextera’s subsidiary, Florida Light and Power advertises in its home state that it has reduced rates to Floridians by 10 per cent over the past decade.
Bailey suggests Ontarians are subsidizing power costs in Florida.
And he is concerned about what will happen after the next election. “We have a Liberal Government that can’t control power costs and balance its budget. I can’t imagine what will happen if the Liberals regain power”.
Bailey told Rotarians the Province’s $145 billion budget is “anything but balanced”.
“We believe the Liberals are running with a hidden $5 billion deficit on top of a $312 billion debt”. Bailey predicts the debt will balloon to $350 billion in the next four years if the Liberals are re-elected.
“What we are dealing with are short – term election stunts that hopefully voters will see through”.