CTV News has discovered HERE that Hydro One built a $100 million transmission line… that ends in the middle of nowhere.
This ‘shocking’ news comes as the Ontario Liberals begin the process of putting 60% of the government utility on the stock market to raise funds for government coffers.
The 76-kilometre powerline was built to bring electricity into Ontario from Niagara Falls, New York. But it stops just 5 km short of its goal, blocked by the Caledonia land claim dispute.
Adding to this electrifying issue is the fact that taxpayers are now stuck paying for this thing! Since the project began in 2007, Ontarians have paid nearly $50 million in interest alone on the $100 million cost of this line.
Ontario’s Energy Minister Bob Chiarelli says the government must respect First Nations rights, and that it’s dispute between that group and the federal government.
He also suggested that “we need to be respectful of their rights… of their process. And sometimes that has a price to it.”
Has that price climbed too high? Should the government force the completion of this power line so that they project doesn’t become a complete waste of money?