Author Archives: parkergallant2

About parkergallant2

A retired International Banker

Michigan’s GDP and jobs grow—with a $4.5 billion subsidy (and growing) from Ontario ratepayers

(October 6, 2019) How was Michigan able to maintain rate increases below inflation while Ontario’s increases were well above? As it turns out, Michigan is a large purchaser of Ontario’s surplus electricity generation. Continue reading

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Posted in Power Generation in Ontario, Reforming Ontario's Electrical Generation Sector | 1 Comment

September 30, 2019 – just another high-cost electricity day in Ontario

If every day was like September 30, 2019, Ontario ratepayers would be paying $2.7 billion for power consumed elsewhere, while operators of FIT generators would be stuffing money in their bank accounts. Continue reading

Posted in Power Generation in Ontario, Reforming Ontario's Electrical Generation Sector, Utility Reform | Tagged | Leave a comment

Ford government floundering on electricity portfolio

The IESO’s monthly market report for August broke several records and none of them were to the benefit of Ontario ratepayers. Continue reading

Posted in Power Generation in Ontario, Reforming Ontario's Local Electrical Distribution Sector, Reforming Ontario's Local Electrical Distribution Sector | Tagged , , | 1 Comment

Parker Gallant: The debt retirement charge — Premier Wynne’s $6.2 billion “revenue tool”

(April 11, 2014) The Auditor General’s report released December 10, 2013, highlighted some of the problems inherent with taxpayer-owned Ontario Power Generation Inc. (OPG), particularly it’s above-market human resource costs. Continue reading

Posted in Utility Reform | Tagged , , | 6 Comments

Parker Gallant: It’s the cost of the power, stupid

(April 14, 2012) It’s been a flurry of activity around the Ministry of Energy’s offices over the past few days as the Energy Minister, Chris Bentley has announced two initiatives. Continue reading

Posted in Uncategorized | Tagged , , , | 4 Comments

Parker Gallant: Toronto Hydro — exaggerated hype or sophisticated spin

(Monday, March 12) “The aggregate total of incentive payments to the top five active executives in the five years ending 2010 was $2.9 million!” That sentence caught my eye in an article that appeared in the January 27, 2012 Toronto Star. Continue reading

Posted in Reforming Ontario's Local Electrical Distribution Sector | Tagged , , | 1 Comment

Parker Gallant: The Ontario Power Authority – helping to create the rural urban divide

(February 24, 2012) Where you live in Ontario will have a bearing on what constitutes a “green” energy project by the Ontario Power Authority (OPA) under their program(s) and what they will pay per kilowatt hour (kWh) – as the town of Bancroft discovered. Continue reading

Posted in Power Generation in Ontario | 6 Comments