Ouch again! FAO says Ontario deficit to jump almost $12B this year
Spending plan will add about $70 billion to the net debt, increasing it to almost $400 billion in 2020-21.
Ontario government understates deficit by billions: AG
Has not accurately reflected the true cost of its borrowing plan to cut hydro rates by 25%.
Ontario energy minister downplays dispute between auditor and electricity system operator
Lysyk’s agency launched a special audit late last year, said IESO is using “bogus” accounting practices.
Wynne government obscuring true financial impact of cuts to hydro bills: AG
The plan’s total cost will be $39.4 billion over 30 years, but Ontario’s net debt and future deficits won’t reflect that.
Wynne government hydro bill reduction ads self-promoting: auditor general
Lysyk says they likely wouldn’t have been approved under previous advertising rules.
Liberals dispute auditor general’s accounting methods
Differ on the amount of the deficit and how pension numbers are shown.
A lump of coal for the Ontario Liberal government [OPINION]
Send Chiarelli a message to convey how you feel about the management of the province’s electricity supply
Wynne rebuffs calls to fire Chiarelli over smart meters
Premier, energy minister disagree with AG’s conclusion the program is almost double the projected cost.
OPG generous salaries, pensions, bonuses push up electricity rates
Ontario auditor general’s cites significantly more generous compensation than other public service positions.
Update | Cost of killing Oakville gas power plant $675M to $810M: Auditor General’s report
Lysyk warns the total cost of killing Oakville and Mississauga plants from $950M to $1.1B.
OPA differs with AG’s costing of Oakville power plant cancellation
Sticks with $310M, citing different assumptions and rates used for future costs, savings.
