Doug Ford vows to keep election promise to cut hydro rates by 12%
The government had budgeted $4 billion for the 2019-2020 fiscal year to keep hydro prices stable
Hydro One board resigns, CEO retires as Doug Ford makes good on campaign promise
Hydro One CEO Mayo Schmidt, who earned a $6.2-million salary last year, became a lightning rod for resentment during the election over rising electricity rates in Ontario.
Ontario cuts hydro costs, but most manufacturers are left out
The plan to cut hydro rates by 25% shifts costs of up to $25 billion to future taxpayers.