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CCSAGE Lawyer Alan Whiteley addresses the Standing Committee on Justice Policy regarding Bill 132

FINALLY….a judicial review that aims to help us!

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The following is the text of the address made by Alan Whiteley before the Standing Committee on Justice Policy regarding Bill 132, today, Tuesday, May 23, 2017

RESIDENTS OF ONTARIO CANNOT AFFORD ELECTRICITY AT CURRENT RATES. SOME FAMILIES HAVE TO CHOOSE BETWEEN ELECTRICITY AND FOOD.

INDUSTRIES FACED WITH EXORBITANT CHARGES ARE RELOCATING TO U.S. JURISDICTIONS THAT OFFER MUCH LOWER RATES, TAKING JOBS WITH THEM.

AN URGENT REMEDY IS REQUIRED.
BILL 132 IS NO REMEDY; IT IS A PONZI SCHEME.

SOME CONSUMERS WILL HAVE A PORTION OF THEIR ELECTRICITY RATES DEFERRED FOR A PERIOD OF TIME;

THE DEFERRED RATES WILL BE ACCUMULATED AS AN “INVESTMENT ASSET” WHICH WILL BE SOLD TO OUTSIDE INVESTORS;

OUTSIDE INVESTORS WILL HAVE THE RIGHT TO COLLECT THE DEFERRED RATES PROTECTED FOR INFLATION, PLUS ACCRUED INTEREST, FROM RATES TO BE CHARGED TO FUTURE CONSUMERS.

BILL 132 DOES NOT ADDRESS THE ROOT CAUSE OF UNAFFORDABLE ELECTRICITY RATES.

ONTARIO CONSUMERS…

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