Power Generation
If there was ever a symbol of wasteful excess and fundamentally amateurish control of a powerful provincial power/energy corporation, Ontario Hydro stands out as a sterling example. Of course, it was called Ontario Hydro when it acquired its massive debt which debt load has since, under Hydro One - its neutral-new name - been offloaded to the consumer to pay off in monthly additions to our consumption bills.
This gaffe-plagued, taxpaid-consuming colossus has always distinguished itself by its lack of attention to important details. By its commitment to try any and all intriguing possibilities through which energy sources could be extracted to produce affordable, reliable electrical energy. Massive investments in nuclear plants led to a plentiful source of energy but coal-fired plants are still messing up our atmosphere.
Nuclear plant installation wracked up monumental costs, and when refurbishments were required to maintain operability the costs then, along with reliability were never as relatively modest as they appeared at first glance to be. The corporation's executive elite were always extravagantly recompensed, but that little detail did not keep them from robbing and further bankrupting the treasury through 'entitlements'.
For that matter, it is highly likely that on average all those employed by the former Ontario Hydro now hived off into differently-named units earn salaries not quite in line with other municipal employees; there are more $100,000-plus earners within the energy-producing-and-distributing corporation than anywhere else by far in the province. And what does this formula result in?
Well, for starters, a corporate culture claiming on their website that "Running our business in a socially responsible way is part of Hydro One’s mission and vision. Discover why Hydro One is recognized for its environmentally and socially responsible choices."
Right in line, actually, with the current Ontario Liberal government of Dalton McGuinty which has pledged itself to providing green energy for the province; costly green energy. Time-of-use pricing; encouragement to consumers to use power at low-power-usage times. In a manner that victimizes working and low-income families, further burdening them in a province already suffering from lack of sufficient employment and burgeoning living costs.
And then we learn that Ontario has so much surplus power it has been forced to unload it for whatever it can get, well below market prices. But not for ordinary Ontario energy consumers; rather for those consumers where energy is exported out of the province, to Quebec and across the national border into the United States. It is quite simply too difficult for this technologically modern, highly-paid-staffed corporation to figure when and how much to produce.
Ontario customers have paid tens of millions of dollars to subsidize electricity users in the U.S. and Quebec because of surplus electricity flooding the market. Can't we just fire the whole incompetent lot?
This gaffe-plagued, taxpaid-consuming colossus has always distinguished itself by its lack of attention to important details. By its commitment to try any and all intriguing possibilities through which energy sources could be extracted to produce affordable, reliable electrical energy. Massive investments in nuclear plants led to a plentiful source of energy but coal-fired plants are still messing up our atmosphere.
Nuclear plant installation wracked up monumental costs, and when refurbishments were required to maintain operability the costs then, along with reliability were never as relatively modest as they appeared at first glance to be. The corporation's executive elite were always extravagantly recompensed, but that little detail did not keep them from robbing and further bankrupting the treasury through 'entitlements'.
For that matter, it is highly likely that on average all those employed by the former Ontario Hydro now hived off into differently-named units earn salaries not quite in line with other municipal employees; there are more $100,000-plus earners within the energy-producing-and-distributing corporation than anywhere else by far in the province. And what does this formula result in?
Well, for starters, a corporate culture claiming on their website that "Running our business in a socially responsible way is part of Hydro One’s mission and vision. Discover why Hydro One is recognized for its environmentally and socially responsible choices."
Right in line, actually, with the current Ontario Liberal government of Dalton McGuinty which has pledged itself to providing green energy for the province; costly green energy. Time-of-use pricing; encouragement to consumers to use power at low-power-usage times. In a manner that victimizes working and low-income families, further burdening them in a province already suffering from lack of sufficient employment and burgeoning living costs.
And then we learn that Ontario has so much surplus power it has been forced to unload it for whatever it can get, well below market prices. But not for ordinary Ontario energy consumers; rather for those consumers where energy is exported out of the province, to Quebec and across the national border into the United States. It is quite simply too difficult for this technologically modern, highly-paid-staffed corporation to figure when and how much to produce.
Ontario customers have paid tens of millions of dollars to subsidize electricity users in the U.S. and Quebec because of surplus electricity flooding the market. Can't we just fire the whole incompetent lot?
Labels: Economy, Energy, Environment, Ontario
posted by Pieface @ 6:12 PM
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