Description: Premier Kathleen Wynne has now joined the list of three previous Ontario premiers who have proposed selling of Hydro One, the provincially owned electric utility. With a probable value in excess of $15 billion, Hydro One may be an attractive target for privatization. The Premier sees the funds generated from sale of this Crown corporation as a source for supporting a number of infrastructure projects she has proposed.
Source: Globe and Mail.com
Date: March 13, 2015
1) What do you think about this proposed initiative as a way to fund infrastructure projects?
2) As the Province of Ontario sells off portions of Ontario Hydro, what changes would you expect to see in its financial statements?
3) There is some discussion that the initial public offering will be for about 10-15% of Hydro One. Do you think this is enough of a stake to attract the right investors?