Quebec wants to break Hydro-Quebec monopoly
Hydro-Quebec’s state monopoly on the sale of electricity, a cornerstone of modern Quebec, is in the sights of the CAQ government. Pierre Fitzgibbon wants to allow private companies to sell current to other private companies – likely the thin end of the wedge for complete privatization.
steph 16:29 on 2024-01-19 Permalink
Hydro Quebec is a gem. A great crown corporation that will always be profitable.
Ontario has sold Hydro One at a valuation of roughly ten years of profit. Hydro One would have made Ontario profits for hundreds of years. This is nuts. Ontarians were robbed for short term “balancing the budget”. I hope we don’t let this shame happen in Quebec. Neoliberalism is robbing us left and right. They privatise profits while they socialize risk.
Ian 17:10 on 2024-01-19 Permalink
Very much a goose that lays golden eggs. Ford Nation should serve as a caution, not an inspiration.
DeWolf 18:54 on 2024-01-19 Permalink
The one thing that could save Hydro-Quebec from eventually being privatized is that it’s a cornerstone of modern Quebec identity. People here have far more attachment to Hydro-Quebec as a symbol than Ontarians ever did with their provincial hydro company.
qatzelok 13:11 on 2024-01-20 Permalink
DeWolf, while it’s true that Hydro-Quebec is an important symbol here, it is also an important means of funding our social programs. Moreso than Hydro One ever was for Ontario.