The report looks at a number of key questions surrounding the partial sale of Hydro One, such as how much the Province can expect in proceeds, and the sale’s impact on the province’s budget and net debt.
The Ministries of Energy and Finance have provided a response to the Financial Accountability Officer’s July 10th letter concerning:
The Financial Accountability Officer’s response to the letters concerning the results of the review of the relevant documents and the offer to arrange briefings with staff to provide background on Hydro One and discuss the principles and methodologies for a valuation of Hydro One.
The Ministries of Energy and Finance have provided a second response to the Financial Accountability Officer's May 15th request for information to assist the FAO in analyzing the fiscal impact of the Government of Ontario's planned divesture of up to 60 percent of its Hydro One equity holdings.
The Financial Accountability Officer formally requested information from the Ministries of Finance and Energy to assist the FAO in analyzing the fiscal impact of the planned divestiture of up to 60 per cent of the Government of Ontario’s Hydro One equity holdings.
Ontario’s Independent Officers of the Legislative Assembly called on the provincial government to reverse plans in the Budget Bill that they believe will significantly reduce important oversight powers.