Government Deliberately Hiding Hydro Costs: Auditor
October 17, 2017QUEEN’S PARK – Ontario’s Auditor General has issued a clear condemnation of the Wynne government’s ‘Unfair’ hydro scheme, Nipissing MPP Vic Fedeli said today.
“As a result of “incorrect” accounting methods, and cooking the books for politically-motivated reasons, Ontarians are on the hook for $4 billion more than necessary,” said Fedeli.
The Auditor couldn’t be more clear that the government knew beforehand this would cost families more money than stated, but they did this to cover-up their tracks, he added.
“The accounting proposed by the government is wrong and if used would make the Province’s budgets and future consolidated financial statements unreliable,” Auditor General Bonnie Lysyk said in her report.
“In essence, the government is making up its own accounting rules.”
This report comes on the heels of a leaked cabinet document that showed hydro rates will rise to the highest levels ever, and the Financial Accountability Officer’s report which shows future generations could be on the hook for up to $93 billion in hydro costs.
“This ‘Unfair’ Hydro Plan was a re-election ploy. We have seen hydro rates skyrocket to the highest across Canada, and rates will only continue to soar after the election,” said Fedeli.
“The Premier is untrustworthy – especially when it comes to our finances and your hydro bills. Life is already harder under this government – Ontario families are paying more, and getting less,” he continued.
“This is a sham designed to benefit the government’s political fortunes, not the people of Ontario.”