Go to the website below and sign the petition!
Ontario Hydro Debt Reduction Charge
Ontario residents currently pay a debt retirement charge, "a charge per
kilowatt hour of electricity consumed that is added to electricity
bills to help pay down the stranded debt of the former Ontario Hydro".
This $0.0070 per kilowatt-hour surcharge is added to every customer's
monthly utility bill.
In his annual report delivered on December 5, 2006, Ontario Auditor General
Jim McCarter announced that among a number of questionable
expenditures was $127 million worth of goods and services using corporate
charge cards, but with few slips or receipts to justify the charges.
Plus a departure present bonus of $3 million to the President of Hydro One
who was responsible for this misuse of the charge cards and quit rather
A petition has been created requesting (demanding) that the Ontario
of Energy make a $127 million adjustment to compensate consumers for this
unapproved use of taxpayer money, either by directly removing it from the
current outstanding residual stranded debt or by a reduction of the monthly
debt retirement charge.
To sign this petition go to