Spending plan will add about $70 billion to the net debt, increasing it to almost $400 billion in 2020-21.
Has not accurately reflected the true cost of its borrowing plan to cut hydro rates by 25%.
Lysyk’s agency launched a special audit late last year, said IESO is using “bogus” accounting practices.
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.
Lysyk says they likely wouldn’t have been approved under previous advertising rules.
Differ on the amount of the deficit and how pension numbers are shown.
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Premier, energy minister disagree with AG’s conclusion the program is almost double the projected cost.
Ontario auditor general’s cites significantly more generous compensation than other public service positions.
Lysyk warns the total cost of killing Oakville and Mississauga plants from $950M to $1.1B.
Sticks with $310M, citing different assumptions and rates used for future costs, savings.