“What I find most frustrating and completely outrageous is the recent media reports over the Toronto Hydro Board decision to reduce the dividend to $25 million dollars, leaving a $35-million hole in the 2017 city operating budget which is totally unacceptable. An ally of Mayor John Tory says he would never support the sale of Toronto Hydro and seems to hint that a behind-the-scenes push for privatization is dead. The backdrop is the privatization of the province’s Hydro One and voter anger at Premier Kathleen Wynne over rising electricity bills. City council will have final say over any sale of Toronto Hydro or the parking authority. Support for Hydro privatization, never strong among councillors, eroded further thanks to a public campaign by a coalition called Our Hydro that included unions, an environmental group and advocates for tenants of affordable housing.

Source: thestar November 23, 2016 20:25 UTC