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WATCH: Tories want info on gas plant costs on your bills

PC Energy critic Lisa MacLeod doesn't buy the Liberal numbers

The Tories aren't buying that rate-payers will only take a $1-$2 hit on their electricity bills because of the Mississauga and Oakville gas plant cancellations.

Tory energy Critic Lisa MacLeod says that's why she wants the Liberal government to provide the committee overseeing hearings into the matter any documents that could explain how this could hurt consumers.

MacLeod says she was disheartened when she heard the figure, underlining the claim is "arrogant" and "unbelievable." She adds it provided little comfort to those with skyrocketing electricity bills.

Both the Ontario Power Authority and Energy Minister Bob Chiarelli spoke to the figure.

Chiarelli says MacLeod is in the middle of a "wish hunt" because she wants her ideas to be true.

He says she is choosing to misconstrue the numbers.

The Mississauga and Oakville cancellations are expected to cost tax- and rate-payers $1.1 billion.

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  1. No Longer Confused posted on 12/05/2013 10:08 PM
    zzzzzzz ...
  2. Mr. Spok posted on 12/06/2013 06:15 AM
    Let us do the math and state the assumptions:

    If there are thirteen million people in the province of Ontario and you charged them $2 a year for 20 years and you wanted to cover the cost of the Oakville plant which is at 640,000 million dollars, then

    13,000,000 x 2 = 26,000,000 per year
    26,000,000 x 20 = 520,000,000 over 20 years. Cleary 2 a cup does not calculate it

    If you want to make it around 640,000 million over 20 years, then it would be .2.46:
    per resident of Ontario

    13,000,000 x .2.46 = 31,980,000 per year
    31,980,000 x 20 = 639,600,000 would be paid off in 20 years

    If you want to make it 1 billion dollars over 20 years, then it would be 3.85 per resident of Ontario over the next 20 years
    13,000,000 x 3.85 = 50,050,000 per year
    50,050,000 x 20 = 1,001,000,000 would be paid off in 20 years.

    But I digress there are only 4.4 million hydro customers, so

    4,400,000 x 7.25 = 32032000
    32,032,000 x 20 =640640000

    So both the Lisa McLeod and Bob C do not know how to do Math. No wonder these people should not be trusted with our money. Beam me up Scotty
    1. Mr. Tuvok posted on 12/06/2013 06:41 AM
      @Mr. Spok Mr. Spok, you may have made an incorrect assumption. If the above costs include interest then your assumptions are correct and you can do simple math. If they do not include interest, then you will need to amortize it over 20 years with a suitable interest rate.

      640,000,000
      20 amortization
      at a 3% interest rate

      The required loan repayment per year would be: 42,593,095.56, the true cost to finance this would be 851,861,911.20 over 20 years.

      The cost of 42,593,095.58 / 13,000,000 = 3.27 per year for each Ontarian.
      The cost 42,593,095.58 / 4,400,000 = 9.68 per year for each hydro rate payer.

      Mr. Spok you need to be wary of these Liberal Ontario politicians, they act like Ferengi
  3. Lt. Saavik posted on 12/06/2013 08:30 AM
    Good math done by smart Vulcans.
    But I believe my Vulcan math will sum it up even better for the earthers to grasp.

    Too much at any price !!
    1. Karl Burgin posted on 12/06/2013 10:15 AM
      @Lt. Saavik I think we need Data to help process all that math as well...lol

      And then set the Liberal Class Starship Wynne to self-destruct.....T -30 seconds.
  4. Frankie posted on 12/06/2013 08:38 AM
    He's not concerned with his arrogance as he knows how stupid Ontario Liberals are; they'll keep voting them in no matter how much they "steal", mismanage the province, and instruct the OPP to stand around watching while citizens are almost beaten to death.

    It's a great day to be an Ontario Liberal politician!
  5. Karl Burgin posted on 12/06/2013 09:26 AM
    I think all the people of Ontario should go to their Tim Hortons, and buy a cup of coffee, and bring it to Queen's Park.
    1. Frankie posted on 12/06/2013 09:48 AM
      @Karl Burgin and spill it on the nearest Liberal, and let's not forget to include McChicken at his home or office as this is all his mess.

      Speaking of McGuinty's home why didn't the media harangue him at home when he stepped down the way they did Ford at his home? Another example of the double standard the media has.
  6. john posted on 12/06/2013 10:40 AM
    i would liike to find out what the REAL reason why thay are raising the prices not the lame ass excuse . ( hoping of course there is one . ) the next thing i wanna see is the liberals pay back the money they stole us tax payers . then i wanna see mc ginety and the rest of the thugs put in jail . i wanna see a bill passed that if any of the party ever pull that crap again i wanna see a massive fine as well as jail time for those who do it again . as well as they loose there powers and we have another election without the guilty party ruing .
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