Union to sue Ontario government over Hydro One sell-off
The Ontario president of the Canadian Union of Public Employees, Fred Hahn, intends to sue the Ontario government on behalf of CUPE’s Ontario members over the privatization of Hydro One.
The lawsuit will allege government misfeasance in authorizing and carrying out the sale of Hydro One. The Globe and Mail reports that the primary focus of the lawsuit be on a $7,500-a-plate Ontario Liberal Party fundraising dinner that took place in December last year, shortly after the first 15% of Hydro One was sold. The fundraiser was hosted by the two cabinet ministers overseeing the Hydro One privatization, finance Minister Charles Sousa and Bob Chiarelli, who was the energy minister.
The dinner was attended by representatives of the financial institutions that benefit from the sale of Hydro One. So far the syndicate that has handled the first two phases of the Hydro One sale has “collectively pulled in $58.6-million for its role in the privatization.” The government intends to sell up to 60% of Hydro One.
The Globe interviewed Darrell Brown about the lawsuit, who stated, “This is a misfeasance claim, so there is an allegation of impropriety.”
Really, the ultimate objective is to convince the government to stop any further sale … looking at the nature of this deal, and whether it’s possible to obtain a declaration that would prevent further share sales,” Darrell Brown, Mr. Hahn’s lawyer, said in an interview.
Darrell Brown also did an interview on Zoomer Radio. You can listen to it here.