Selling Toronto Hydro? -flashback to 407-

You will see in a previous post that I favour Mr Rossi in the running for Toronto Mayor. However I do not agree with the selling of Toronto Hydro - or at least I would like to see what is sitting in said contract.

I feel that the selling of Toronto Hydro will be a temporary solution for the City of Toronto. According to the National Post, Rossi said:

“We’re going to sell assets, and we’re going to start with Toronto Hydro...I’ve looked in every book of Jane Jacobs. I can’t find a page, a paragraph, a sentence that says in order to build a great city, the city needs to own the utility.”

Now you will have to excuse me, because my grasp of economics can probably be compared to a game of monopoly, but if we sell something like Toronto Hydro does that not mean that in the long run we will lose money? And I'll be damned if it turns into another HWY 407 incident.

It is not that we need a utility, it is that we need a constant stream of revenue. To me this seems like a band-aid solution. This will serve us well for the next 4-5 years, but in the long term it is one less thing that Toronto has.

Just my thoughts,