Driving Naari Programme launched in Chandigarh
Toronto, Ontario Premier Kathleen Wynne says she hasn’t made any final decisions yet on asset sales, but she did not dispute a report that she is planning to sell shares in Hydro One.
The Globe and Mail cites industry sources as saying the province would put up 10 to 15 per cent of the provincially owned corporation in an initial public offering.
A panel chaired by Ed Clark of TD Bank Group is looking at possible sales of Hydro One, Ontario Power Generation and the Liquor Control Board.
Its recommendations are expected to come this spring, but in an interim report the panel concluded all three should remain in public hands, but said Hydro One should get out of the local distribution business and focus on its core transmission business.
Wynne says whatever her government decides to do following the panel’s recommendations, it will control prices and make sure that regulatory regimes that protect Ontarians stay in place.
She says the reason for doing the asset review is to leverage money to “invest every cent in transit, transportation infrastructure (and) infrastructure across the province.”
