Because turbines are bankrupting this province.
And we are still paying off the hydro debt from BEFORE:
When will we be done paying the old debt, before the Green Energy Act was introduced?
No, no, NOT when hell freezes over, but almost....
The unfunded liability has declined for seven
consecutive years. It is $6.0 billion less than the initial unfunded liability on April 1, 1999, when the former
Ontario Hydro was restructured. Total debt and liabilities are $29.3 billion, down from the $38.1 billion
inherited by the Corporation from the restructuring. The stranded debt will likely be defeased between 2015 and 2018,
the same range that was reported in last year’s Annual Report, and the Debt Retirement Charge (DRC) is
expected to end after defeasance and no longer be charged
on consumers’ bills.
Fine print reads it is expected to end....not that it WILL end.
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