The main reason for Ontario’s high cost of electricity is the massive subsidies the previous provincial Liberal government offered to private renewable energy developers.<\/p>\n
For the proposed Bala hydro-electric generating station alone, Ontarians would pay the Bala private developer a subsidy of more than $100,000,000<\/strong>\u00a0over the 40-year contract (details here<\/a>).<\/p>\n The proponent’s contract states that if the proposed project is stopped, the developer cannot<\/strong> claim the profits expected for future operation of the proposed project.<\/span><\/p>\n This is confirmed by the legal opinion here<\/a>\u00a0(copy here<\/a>), and is in the legislation passed to cancel the proposed White Pines wind turbine project (in Schedule 2, Section 6, link here<\/a>, copy here<\/a>).<\/p>\n Therefore, the PC government keeping Doug Ford’s election promise to stop the Bala project would be a huge net saving of taxpayer dollars<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" The main reason for Ontario’s high cost of electricity is the massive subsidies the previous provincial Liberal government offered to private renewable energy developers. For the proposed Bala hydro-electric generating station alone, Ontarians would pay the Bala private developer a subsidy of more than $100,000,000\u00a0over the 40-year contract (details here). The proponent’s contract states that […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-8862","post","type-post","status-publish","format-standard","hentry","category-background","category-3-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/savethebalafalls.com\/index.php?rest_route=\/wp\/v2\/posts\/8862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/savethebalafalls.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/savethebalafalls.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/savethebalafalls.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/savethebalafalls.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8862"}],"version-history":[{"count":10,"href":"https:\/\/savethebalafalls.com\/index.php?rest_route=\/wp\/v2\/posts\/8862\/revisions"}],"predecessor-version":[{"id":8894,"href":"https:\/\/savethebalafalls.com\/index.php?rest_route=\/wp\/v2\/posts\/8862\/revisions\/8894"}],"wp:attachment":[{"href":"https:\/\/savethebalafalls.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/savethebalafalls.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/savethebalafalls.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}