News breaking today, that a plan is in the works to privatize Toronto Hydro. The plan would provide a much needed 1.5 billion dollars for infrastructure, including John Tory’s Smarttrack plan. Toronto Hydro senior executives have looked at privatization scenarios in the past but have now initiated extensive financial analysis and research on the case for a partial sale. The privatization proposal, if it goes to city council, could spark a public battle fiercer than last year’s east Gardiner Expressway fight.
Is it smart to sell off an asset such as this?