Premier Kathleen Wynne sells Hydro One stocks at a loss to First Nations — the share value is $26.10, but Wynne sells them for $18.00 so if you discount 15 million shares x $8.10 that would equal $122,500,000 profit for First Nation people before the ink dries.
So in reality, Wynne sold 15 million shares for $137,500,000 to buy the First Nations vote?
Next up, will the teachers unions to get discounted stock and will other unions to get the same deal? Is Wynne buying votes to secure a Liberal victory next election?
I thought Ontari-owe was broke but I guess with Wynne’s bank of Ontari-owe we have lots of money left in our pockets to fund the Bank of Ontari-owe through higher taxes and fees and new taxes and fees and higher hydro rates. Also a $100 million transmission line intended to bring electricity into Ontario from the United States is not delivering any hydro because of a Six Nations land dispute in Caledonia, Hydro One is unable to complete the last couple kilometres of the power line according to a CTV news article.
The people of Ontario have paid more than $50 million in interest on top of the cost of the transmission line in which Bob Chiarelli our former energy minister stated is unfortunate but it just the price of doing business. Also I would like to note Premier Wynne gave the OPG and Hydro One unions a $111 million loan to buy Hydro One stock and to secure their support in the sale of Hydro One.
Smiths Falls, Ont.