Responsive Government

HYDRO DEBT

As a crown corporation the 3 billion dollar debt incurred by the McGuinty government for the 2 failed nuclear plants should not be carried on the books of the corporation but on the books of the Ontario government . As a past Senior Executive for a global corporation our accounting never showed a divisional loss on IE IT div, Distribution , General Operations, Human Resources & Training, Advertising or any other business sub division. Instead our "Crown Divisions" Profit or loss showed on our Corporate sheet with memo reference ONLY No transfer to consumers for loss via their accounts suffered as it became a debt charge financed by our borrowing money to cover debt LONG TERM

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Idea No. 152