Hydro ‘debt retirement charge’ has to go

electricity costChristina Blizzard, Toronto Sun
TORONTO – It’s that annoying, pesky line on your hydro bill. “Debt Retirement Charge.” Of all the e-mails I get, the most frequent and the most frustrated are about the hefty charge the DRC adds to your bill.

Homeowners, especially seniors and others on a fixed income, are angry. They’re feeling it all the more as this brutal winter pushes heating costs to the stratosphere. Many seniors bought their homes in the 1960s and ’70s, when the old Ontario Hydro told them to “Live better electrically.”

They heated their homes with hydro, thinking the low rates would continue forever. Now they’re paying soaring prices, soaring taxes — and the infuriating DRC. You pay HST on top of the DRC. The DRC came about as a result of the “stranded debt,” created when the old Ontario Hydro was split up into separate entities by the Mike Harris government. Read article

26 thoughts on “Hydro ‘debt retirement charge’ has to go

  1. The other important aspect of this, is that all of the past nuclear plant costs for initial construction and later refurbishments have been long since paid off. The technically-illiterate, but politically savvy, anti-nuke mob tell everybody that “nuclear is too expensive”. Hello!! Nuclear is providing by far the largest part of Ontario’s electricity generation, virtually emission-free, for roughly 6 to 7 cents per kilowatt hour.
    Politics….the biggest game in Town… where only votes count and the facts don’t matter…especially in Ontario.

    • Their number one goal is to shut down those nuclear plants, they are doing it in Germany, the US, Canada and trying to do it in France. Then they can ride in with their expensive solutions to replace something that did not need to be replaced at all, and what’s best? They and their friends get the profits out of taxpayer’s pockets.

  2. Yup 4billion dollars worth of sneakiness… And under handed because they never told Ontarian they were doing this.

  3. BlueGreen Alliance/Apollo Alliance Project

    The Apollo Alliance Project is supported by the BlueGreen Alliance Foundation and offers a bold vision to the transition to a clean energy economy.
    Blue Green alliance works with labour unions and environmental organizations.
    http://www.bluegreenalliance.org/apollo

  4. BlueGreen Allaince, 2013
    “From Sierra Club: Repairing america with Good, Green Jobs” Conference, Washington, D.C.

    “Gerard recalled that when the USW and the Sierra Club joined forces to create the BlueGreen Alliance seven years ago, their shared concerns were carbon enissions.”

    This is Sierra Club U.S. and not Sierra Club Canada.
    But USW is the same union in both countries as far as I know. Yes-no?
    http://www.bluegreenalliance.org/blog/archive?c=member&t=sierra

  5. A2Politico, Oct.5, 2011
    Interview with U.S.Rep. Schauer

    Schauer: “I’m also doing exciting work with the Construction Laborers’ Union and their contractors, with a specific focus on building wind farms in Michigan.”

    Schauer: “We also support policy changes, like a nationwide Renewable Energy Standard of 25 percent by 2025.” Or RES.

    http://www.a2politico.com/2011/10/interview-u-s-rep-schauer-supports-the-bluegreen-alliance-mom-job-creation-baseball-green-loan-programs-apple-pie

    Maybe Ontarians should keep an eye on this Michigan situation?

  6. In Canada there is the BlueGreen Alliance Canada with the USW Canada and other unions. And in the states it’s the BlueGreen alliance with the USW U.S. and other union. But the same USW in both. Both are connected to environmental groups.

  7. For Ella too:
    The Kansas City Star, Feb.1,2014

    “Power line opponents surge against wind farm transmission”
    Scroll down to:
    Horizon Wind Energy/EDP Renewables North America & has projects in Ontario.

    Scroll down to:
    Trade Wind Energy which has about 25% of the Kansas wind energy and owns gratiot Farms Wind project in Michigan.

    Articles mentions Sierra Club supporting this transmission line.

    Transmission lines involve steel and the construction industry.
    http://www.kansascity.com/search_results?q=Trade+Wind+Energy

  8. The big 30…….and, how they are doing.

    ‘[excerpt] RENIXX® – Renewable Energy Industrial Index
    The RENIXX® (Renewable Energy Industrial Index) World is the first global stock index, which comprises the performance of the world´s 30 largest companies of the renewable energy industry whose weighting in the index is based on the market capitalization (free float).
    http://www.renewable-energy-industry.com/stocks/index.php?changeLang=en_GB

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