Let wind blow for public good, not profit: electricity coalition



    TORONTO, Jan. 16 /CNW Telbec/ - Ontario's plan for offshore wind power
generation has one major flaw, says the Ontario Electricity Coalition. Under
current legislation, the wind that blows for free will be churned into private
profit instead of at-cost electricity for the general public.
    "Under the McGuinty government's Electricity Restructuring Act, enacted
in 2004, our publicly owned and controlled power generator - Ontario Power
Generation (OPG) - was barred from bidding on the development of new, green
power generation," said coalition spokesperson Paul Kahnert. "The province is
denying its citizens the right to benefit from what nature provides us."
    The many advantages of public power generation include the ability of
public institutions to borrow money for new development at lower cost than the
private sector. Higher borrowing costs combined with the need to make a profit
mean higher electricity costs for consumers, both residential or business.
    In addition, Kahnert said, public power generation can provide consumers
with at-cost electricity or reinvest profits in effective conservation
programs.
    "Profit-making is the antithesis of conservation," he said. "If the
province intends to move more quickly toward increased wind power, it must
allow OPG to participate in the development of new generation projects on
behalf of the people of Ontario for the benefit of the people of Ontario."




For further information:

For further information: Paul Kahnert, (416) 407-0077

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ONTARIO ELECTRICITY COALITION

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