Sunday, November 21, 2010

Deregulation has led to hydro hikes

http://www.thestar.com/opinion/letters/article/894073--deregulation-has-led-to-hydro-hikes

The Ontario Electricity Coalition is on the record, many times, warning Ontarians what would happen under the deregulation and privatization of hydro. The real reason for hydro bill shock is the addition of profits to generators, profits to distributors, profits to retailers, dividends to investors, commissions to commodities brokers and smart meter charges. The creation of the Ontario Energy Board, the Ontario Power Authority, the Independent Electricity System Operator (IESO) and all those monster salaries is also to blame. Smart meters and time of use pricing is just a cover for a massive rate hike and is the means to funnel profits into all these organizations.

Tim Hudak’s Conservative party brought in deregulation and privatization under Mike Harris. McGuinty’s Liberals kept most of the Conservatives’ legislation and only closed the retail market. The IESO is a phony market that was designed by Enron and their friends. That’s right, Enron was the main player that sat on the market design committee in the ’90s. In the election of 2003, McGuinty stole the main campaign plank from the NDP and promised “public power.” Not a word from the NDP about that. And the NDP’s call for the elimination of the HST does nothing about the root cause of “double” rates.

It’s important to note that in 1906, the Conservative Sir Adam Beck, backed by business interests who were being gouged (like today), won the battle for non-profit power. For almost 100 years public power in Ontario meant “at cost” and “not for profit.”

Paul Kahnert, former spokesperson, Ontario Electricity Coalition

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RW, we definitely must return to the model that worked for 100 years, not for profit at cost power for all Ontario.

2 comments:

  1. " The creation of the Ontario Energy Board, the Ontario Power Authority, the Independent Electricity System Operator (IESO) and ALL THOSE MONSTER SALARIES is also to blame. "

    Speaking of those "MONSTER" salaries, here's a break down of 2008 SALARIES awarded to the CEO, Executive VP's , Senior VP's, Corporate Relations Officers for:

    http://www.numberswatchdog.com/ont/ontario%20salary%20top%20100%202008.htm

    Ontario Energy Board
    497,262.69 Ontario Energy Board WESTON, HOWARD - Chair/CEO
    ~~~~~~~~~~~~~~~~~
    Ontario Power Generation
    2,484,945.89 Ontario Power Generation HANKINSON, JAMES F - President/CEO

    1,462,365.11 Ontario Power Generation CHARLEBOIS, PIERRE R - Executive VP/CO

    927,452.16 Ontario Power Generation MITCHELL, THOMAS - Chief Nuclear Officer

    907,020.26 Ontario Power Generation ROBINSON, WILLIAM - Senior VP, Nuclear Refurbishment

    788,129.36 Ontario Power Generation TWOMEY, JAMES - Executive VP, Fossil

    737,053.64 Ontario Power Generation MURPHY, JOHN D - Executive VP, Hydro

    657,551.28 Ontario Power Generation BURPEE, JAMES R - Executive VP, Corporate Development

    644,787.31 Ontario Power Generation NASH, KENNETH - Senior VP, Nuclear Waste

    630,140.00 Ontario Power Generation HANBIDGE, DONN W - Senior VP/CFO

    555,216.24 Ontario Power Generation BRENNAN, DAVID S - Senior VP, Law/General Counsel

    536,957.20 Ontario Power Generation MCNEIL, PATRICK - Senior VP, Generation Development

    522,765.42 Ontario Power Generation BOLAND, BRUCE - Senior VP, Corporate Affairs

    504,814.12 Ontario Power Generation ROBBINS, WAYNE - Senior VP, Darlington

    479,098.58 Ontario Power Generation DUNLOP, JANICE A - Senior VP, HR/Chief Ethics Officer

    473,733.52 Ontario Power Generation TREMBLAY, PIERRE F - Senior VP, Nuclear Programs & Training

    449,984.88 Ontario Power Generation ELLIOTT, W. MARK - Senior VP, Pickering A

    442,082.73 Ontario Power Generation CHIAROTTO, FRANK - Senior VP, Fossil Business

    441,232.39 Ontario Power Generation PECKHAM, MICHAEL - VP, Performance Imp./Nuclear Oversight

    439,089.20 Ontario Power Generation BOGUSKI, ROBERT - Senior VP, Business Services & IT

    ~~~~~~~~~~~~~~~~~~~~~
    More to follow in next post...

    ReplyDelete
  2. Continued from above, more MONSTER salaries

    " The creation of the Ontario Energy Board, the Ontario Power Authority, the Independent Electricity System Operator (IESO) and ALL THOSE MONSTER SALARIES is also to blame. "

    Ontario Power Authority

    511,602.27 Ontario Power Authority CARR, JAN - CEO

    450,365.26 Ontario Power Authority SHALABY, AMIR - Vice-President, Power System Planning

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    HYDRO ONE
    926,872.94 Hydro One FORMUSA, LAURA - President/CEO
    608,647.46 Hydro One SUMMERS, BETH - Executive VP/CFO

    569,460.48 Hydro One D'ARCEY, MYLES - Senior VP, Customer Operations

    502,827.90 Hydro One GOLDIE, TOM - Senior VP, Corporate Services

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    Independant Electricity Sytem Operator
    599,409.61 Independent Electricity System Operator MURPHY, PAUL M - President/CEO

    466,257.64 Independent Electricity System Operator LIMBRICK, WILLIAM - VP, IT & Infrastructure/CIO

    486,195.09 Independent Electricity System Operator CAMPBELL, BRUCE - VP, Corporate Relations & Market Development

    446,210.33 Independent Electricity System Operator SHERKEY, GARY - VP, Corporate Services/CFO/Treasurer

    ReplyDelete

Please feel free to leave a comment, especially if you wish to share your own horror story. If you wish to get involved in the class action suit please contact me directly at jrwakefield@mcswiz.com put Class Action Suit in the subject please.