TAXPAYERS SCREWED AGAIN. MINISTER SAYS IT'S "UNFORTUNATE"

A $100 million transmission line intended to bring electricity into Ontario from the United States is not delivering any energy. With the project blocked by the Caledonia land claim dispute, the line is costing taxpayers millions in interest instead. Since 2007, Hydro One has had permission from the provincial government to bill taxpayers for its interest payments on the $100 million capital cost to build the powerline. To date, taxpayers have paid nearly $50 million in interest alone.  Ontario’s Minister of Energy, Bob Chiarelli, calls the million dollars in interest payments “unfortunate.”