The Kathleen Wynne’s Liberal government is flouting accounting rules and taking on an unnecessary $4 billion in extra borrowing costs — to be applied to future electricity bills — to keep the true cost of its Fair Hydro Plan buried, Ontario Auditor General Bonnie Lysyk says.
A battle between accountants is not usually the stuff of Hollywood blockbusters, but Queen’s Park was enthralled Tuesday as Lysyk and her experts faced off against the government and its counter experts.
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