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bmdbley'sBro 10-16-2010 12:53 PM

The Ontario Energy Board thinks you're not paying enough for hydro
so bend over peasant.


The Ontario Energy Board thinks you're not paying enough for hydro so they're sticking their hands in your wallet for another $60.

The provincial Crown agency decided earlier this year that utilities should be able to boost their guaranteed profit margin to 9.85% from 8.39%.

That means Ontario's hydro ratepayers - already hammered by the HST, time of use pricing and rate hikes - will pay an added $240 million a year, the Ontario NDP says. Ratepayers have already seen some of the increase, which will total $60 by the end of the year.

NDP Leader Andrea Horwath called Premier Dalton McGuinty on the carpet in the Ontario Legislature Thursday, demanding to know why ratepayers should have to cough up even more of their stretched dollars to boost profits for the utilities.

"Ontario families are scrambling to deal with sky high hydro rates. Does the premier think it's fair to actually ask consumers to pay even more just to ensure healthy profits for hydro utilities?" she said.

In the House, PC Leader Tim Hudak said ratepayers are watching their bills go through the roof - $732 more a year.

McGuinty said: "I don't believe his numbers."

Darkness95m3 10-17-2010 10:20 AM

It's time for McGuinty to leave.

blk3 10-17-2010 12:08 PM

Mcguinty should have been gone ages ago but everyone kept voting for the devil you know

defaultName 10-17-2010 12:40 PM

I agree! I should be paying more for Hydro!

After paying all my bills I still have money left over to buy food and that is not right!!!

BMW_7 10-18-2010 07:02 PM

wow im so glad im out of there.

today i had to go to hawksbury, ON to get my license renewed. ahahahah, its the only time ill be stepping foot in this shit province.

New York is closer to me anyway, its like 20 min to border, 45 mins to huge outlet malls of Plattsburgh NY

onfailio is like 1 hour away !! Just how I like it :D

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