Taxpayers Before Hydro Dividend: PATTON
Here’s something for Hydro Ottawa to do before it starts raising your rates:
Surge in Electric Demand
Mike Patton is the former communications director for Mayor Larry O’Brien and the president of the Ottawa West-Nepean PC Association.
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Ottawa’s AI in the Kanata high tech park is driving the increase in electricity demand right now. But as Patton said before, the city has been harvesting around a quarter billion dollars from Hydro over the past 10 or 12 years, and now they are freaking because the infrastructure is insufficient and they have to double the rates in order to improve infrastructure. My question is how much of this rate increase will actually go to infrastructure and how much will be diverted as more dividends to the city of Ottawa? And should there actually be dividends from Hydro Ottawa to the city if they need $1 Billion for these improvements? Again, how much of this $1B will be harvested by the City. I have trust issues.