Business hydro subsidy to cost Ontario taxpayers $15.2 billion by 2040
TORONTO – Subsidizing hydro rates for industrial and large commercial businesses will cost Ontario taxpayers an estimated $15.2 billion by 2040, the province’s fiscal watchdog said Thursday. Financial Accountability Officer Peter Weltman said that is a result of a provincial program announced last fall that would see hydro rates for about 1,400 large business customers…
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