Premier Wynne defends decision to cancel OLG selloff - News Summed Up

Premier Wynne defends decision to cancel OLG selloff


Scratching the sale of the provincial lottery doesn’t mean the government will zap the Hydro One selloff, says Premier Kathleen Wynne. In the wake of the Ontario Lottery and Gaming Corporation’s surprise decision to cancel the privatization of its lotto franchise, Wynne defended proceeding with the controversial share offering of the electricity transmission utility. “So we have followed that advice in terms of broadening the ownership of Hydro One in order to make those investments in transit and roads and bridges across the province,” she said. “At the same time, OLG was in the process of modernization. They’ve made a decision around that particular aspect in terms of the sale, but there will be other changes that will happen at OLG.”


Source: thestar September 26, 2016 20:48 UTC



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