Ontario’s Power Trip: McGuinty’s legacy

Quixotes Last Stand

Tip of the hat to Greg Schmalz

Parker Gallant — Financial Post — January 17, 2013

Billions spent but no new deliverable power

Over the next few weeks Ontario will get a new Liberal premier to replace Dalton McGuinty, who abruptly announced his resignation last October. One of the biggest challenges facing the new Liberal premier, to be selected at a party convention next weekend, will be to set out a plan to extricate the province and the Liberals from the McGuinty government’s most costly and disruptive policy failure.

None of the contenders, as far as I can tell, have even mentioned the topic: electricity. Over the last decade of McGuinty rule, through seven energy ministers, the government of Canada’s industrial heartland virtually eliminated market forces from the electricity market and created a top-down regime that will cost the Ontario economy — consumers and industry — billions of dollars.

The…

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