• Research Paper on:
    Ontario's Hydroelectricity Privatization

    Number of Pages: 7

     

    Summary of the research paper:

    In seven pages this paper discusses Ontario's efforts at hydroelectricity market privatization and deregulation with comparisons made to efforts in the Alberta province and the U.S. state of California. Three sources are cited in the bibliography.

    Name of Research Paper File: D0_TJOntpr1.rtf

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    Unformatted Sample Text from the Research Paper:
    1998 which gave the energy utilities to their municipalities and the municipalities two years to sell them, recruit private-sector partners or incorporate them. The initiation of the Act was delayed  due to opposition and court rulings until May 1, 2002. This delay combined with favouritism found within the Ontario government, amalgamation of municipalities and government waiving of a debt-reducing tax  to some of the former components of the energy system has led to a general lack of confidence and commitment of external investors into the Ontario energy market. The Act  was meant to promote competition and relieve the province of the massive debt it amassed with the provincial run utility. At this point, time will tell if privatization will benefit  the province and the consumer or whether privatization will be a financial nightmare as found in the state of California and the province of Alberta.  On May 1, 2002, Ontario, Canadas largest energy consumer opened its electricity market to competition despite a series of delays for the privatization of the energy grid which  distributes the power. A court ordered delay in the sale of Hydro One will not affect the overall push for the competitive market place the government is seeking (Sekhri, 2002).  One thing the court order does do however is prevent the Ontario Conservative government from withdrawing itself completely from Ontarios electricity market which services every aspect of the current market  from generation, to distribution to retail of the product (energy). The May deregulation was meant to increase competition within the industry but because of the debate over decentralization, many  critics believe that investors in competitive businesses for energy may not be attracted to the Ontario market. The Ontario Power Generation (OPG) and Hydro One, currently one of North Americas 

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