Saturday, July 14, 2018

FORD CUTS 758 GREEN CONTRACTS; $790M SAVED

  "We clearly promised we would cancel these unnecessary and wasteful energy projects as part of our plan to cut hydro rates by 12 per cent for families, farmers and small businesses," said Rickford. "In the past few weeks, we have taken significant steps toward keeping that promise."
  The cuts will include 758 renewable energy contracts across the province, whose projects have not yet reached critical development milestones, the news statement explained. Cancelling them now, in the early stages, will maximize their benefit for hydro ratepayers.
    The provincial Progressive Conservative government, led by Premier Doug Ford, will soon introduce a legislative amendment aimed at protecting Ontario consumers from any costs incurred as a result of the contract cancellations. Rickford confirmed that even with those costs accounted for, the $790-million savings figure is accurate.

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