Who owns ontario hydro

Once you have enabled cookies for this website, please refresh by clicking here. Access Hydro One financial information including annual reports, investor presentations, quarterly results, and more on the Investor Relations section. There are several ways in which you can make a complaint. Learn more about how to connect with us to file your complaint here. Hydro One Incorporated is a corporation established under the Business Corporations Act Ontario with a majority shareholder, the Government of Ontario.

The panel: Read their recommendations for Hydro One here. The government will start by selling 15 per cent of Hydro One on the stock market, likely before the end of the year.

Then, it will sell several more tranches of stock until 60 per cent of Hydro One has been sold off. The government has promised to hold on to 40 per cent of the shares itself so that it still has some say in how the company is run.

In a separate transaction, the government has decided to hive off a small part of Hydro One — the part that runs the distribution system in Brampton, Ont. The first is that electricity prices could increase under a privatized system. The assumption is that private investors would demand a higher rate of return and would be more aggressive with the OEB in demanding rate increases.

The second is that a privatized company would lead to worse service. As it currently stands, Hydro One has a motivation to keep its service at a certain level — whether that means quickly restoring power after outages or replacing worn-out equipment — because any failure reflects badly on government. Public opinion: Poll finds Ontarians unhappy with Hydro One plan.

Privatization opponents argue that a private company would have less motivation to do this, particularly if it hurts the bottom line. Such concerns are particularly acute in the many costly and difficult-to-service rural areas where Hydro One is the local distributor. The final reason is the lack of oversight. The pollsters also found 76 per cent believe selling Hydro One will drive up the price of electricity. Wynne has said repeatedly that privatizing Hydro One has nothing to do with the size of your power bill.

She may be correct, but that almost certainly doesn't matter when it comes to the election. Even if Ontarians are wrong in believing the Hydro One sale is to blame for electricity costs, they will not likely be shaken in that belief, and they will take it with them to the ballot box in less than six months.

In the election, many voters believed rightly or wrongly that the Harris government's dismantling of Ontario Hydro was at least partly to blame for the big blackout that August.

Those voters helped send the PCs packing. In , many voters believed rightly or wrongly that wind farms were being shoved down the throats of rural communities and driving up their hydro bills. Those voters helped bust the Liberals down to a minority.

Maurice Strong, hired to restructure the company, put an end to construction and cut employees. The system provides power to an estimated 3 million customers in Ontario, in all areas of its km 2 jurisdiction. The utility began as a special statutory corporation like a crown corporation established by the provincial legislature in Its founding chairman was Sir Adam Beck.

In , just 2 years after Ontario's legislature passed the Hydro-Electric Power Commission of Ontario Act, the novice utility entered into agreements with 14 municipalities to provide power at cost. Similar agreements now link Ontario Hydro and co-operating municipalities.

The utility is responsible for the generation and transmission of electric power and for its sale to participating utilities.

It also acts as a central supervisory body with authority to approve and control certain features of the utilities' operations. Nuclear technology has brought new problems and responsibilities, eg, nuclear safety, irradiated fuel management and other environmental concerns, each of which is given high priority by Ontario Hydro.