Ontario Auditor General to report on hydro cuts

By Canadian Press

Published: October 17, 2017 at 11:08 AM

Electric pylon with high power wires and Canadian Dollar or Money, a double exposure shot, concept for spend on electricityiStock/Singh_Lens

Ontarios auditor general is not expected to table a favourable report today when she releases her investigation of the Liberal governments 25 per cent cut to hydro bills.

Ontario's auditor general is not expected to table a favourable report today when she releases her investigation of the Liberal government's 25 per cent cut to hydro bills.

Under the plan, a new entity overseen by Ontario Power Generation will take on debt to pay for the removal of a portion of the global adjustment charge for the next 10 years.

Energy Minister Glenn Thibeault has said O-P-G has expertise in managing hydro-related debt.

But auditor Bonnie Lysyk has previously said structuring the plan that way means there will be no impact on the province's net debt, which she suggested may have been done on purpose.