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Waterloo Chronicle (Waterloo, On1868), 5 Jun 2002, p. 7

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( :rilics of the provincial government‘s plans to sell off Hydro One say it‘s another step closer to reality after new legislation was introduced last week that would clear the way for a sale by the end of June. Despite Stockwell‘s asserâ€" tions that the province is still looking at all its options regarding Hydro One, Paul Kahnert, a spokesman for the Ontario Electricity Coalition, said the new legâ€" islation now gives the province the ability to sell shares in the crown corpoâ€" ration after a Superior Court judge ruled no legal authoriâ€" ty to do so at the end of April. Critics fear Hydro One sale closer to reality after new legislation introduced Last week Energy Minisâ€" ter Chris Stockwell introâ€" duced legislation that would give the provincial governâ€" ment the right to privatize the province‘s electricity grid, said critics like the Ontario Electricity Coaliâ€" tion, a grassroots group tryâ€" ing to keep the public utility out of private hands. While the government is currently appealling that decision, Stockwell said his ministry is still exploring other options concerning Hydro One, in addition to an outright sale of the utility. Genuine Honda Maintenanceâ€"free Battery $8588‘ 59288‘ 59988‘ Genuine Honda |__ _ Oil and Filter Change Includes premium quality 5Wâ€"20 or 5Wâ€"30 motor oil, Genuine Honda oil filter and a new drain plug gasket HONDA‘S cet imto SPRING PACKAGE However, Kahnert said / (lil and filter change Check for Auid leaks / Battery Inadicharging test / Inspect coolant level and boiling pornt / Pressure test cooling system. inspect related hoses and clamps / Inspect all hrakes for wear * and condition / Inspect brake calipers. wheel cxlinders and parking hrake / Inspect tire wear and pressure / Ti rotatinn / Inspect drive belt conditian fexcludes timing belts Cime. CR\ #4â€" 89 Accord R3â€" 8b Pretude. ‘88â€" 89 Prefode { S Model onh / By Bos Vreanac Chronicle Staff sn J UuLl into JP TNINUQ | AVNRAUL ony & Spring into season with a comprehensive multiâ€"point inspection plus a Genuine Honda oil and filter change. 90â€"9" sccord 08â€" Accor 98â€"DJ Accord 16. & 98 Odsscen KK 11 Prefude 95â€"9" Odvsses 90â€" 01 Odusser 92688 "So much for the new era of the Eves government, which is clearly not listening to the people of Ontario," said Kahnert. "All of the polling shows overwhelmâ€" ingly that nobody wants this. his group of concerned citiâ€" zens, retirees, municipalities and energy workers thinks the province now has the tools it needs to push through a sale by the end of the summer despite a growâ€" ing groundswell of opposiâ€" tion to the scheme. "In every city we‘ve been the city councils have passed resolutions opposing the sale of Hydro One, repâ€" resenting more than seven million people in Ontario." In terms of the public consultation process, Kahnâ€" ert called it a "sham" with Stockwell having little time for dissenting views. When Kahnert spoke at one of the "So much for the new era of the Eves government, which is clearly not listening to the people of Ontario." â€"Paul Kahnert Ontario Electric Coalition Includes installation of front or rear brake pads or rear brake . shoes. and servicing of front ‘ calipers or rear brakes Drum machining or replacement of rotors extra 59888- 118 Genuine Honda Approved Replacement Muffler Genuine Honda Brake Pad or~ Shoe Replacement poooomm ~ CMe ALL OTHER MODELS (installed price} tinstalled price}) applicable}, hrake Auid level. clutch fuid level (if applicahlet / Inspect distributor cap, rotor and wires / Inspect windstreld wipers, washer jets and blades / Washer fld topâ€"up / Inspect exhaust system $ +/ Inspect springs and shock ahsorhers / Inspect all lights and bulhs / Inspect and lubncate door locks. latches. and handles / Inspect transmission fluid level, power steening Auid level (if "The government that is saying that these contracts are outrageous is the same government that signed these contracts," said Kahnâ€" ert. "Just wait until Hydro One is in private hands and they don‘t have to report those salaries. It will be twice what _ Eleanor Clitheroe is getting now." _ Students of the North American Free Trade Agreeâ€" stops held around the province about the growing opposition, Stockwell cut him off and stormed out of the room. "It must be nice to be in a position to make up the rules as you go along," said Kahnert. In terms of the Hydro One executive pay package controversy that seems to be absorbing the government‘s time, Kahnert called it a red herring. Those multiâ€"million pay packages would be even higher in a privateâ€"run utiliâ€" While the government continues to ramp up the sale of Hydro One, Kahnert said the energy minister has no exit strategy if the entire scheme crashes like in other jurisdictions like New York and California. "Surely the government of Ontario has a continâ€" gency plan if this doesn‘t work," he said. "What‘s the plan to get it back?" ’$6888* ment are afraid that once the sale goes through it will fall under Chapter 11 of the accord. Provincial taxpayers would have to pay for all future profits of the utility to get it back into public hands. That would at least double any debt burden the public utility currently faces. Ultimately, Kahnert said he doesn‘t know how the government can _ still promise electricity costs will be kept stable when the profit motive is thrown into the calculations. "How is hydro going to be cheaper when you add in profit to a nonâ€"profit system â€" it‘s impossible." "When you add in profits to retailers, commissions to commodity brokers and divâ€" idends to investors how is that going to pay down the debt," said Kahnert. "Q i « Fantastic Flowers * 7 Varieties * Excellent Quality *2 gal. * GOLDFLAME SPIREA Gold foliage, 3 gal. 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