July 12, 2011
Will Tim Hudak stand up for taxpayers?
PC Leader Tim Hudak is not saying how he will protect electricity consumers from the inevitable cost overruns on the nuclear power projects his party favours. Mr. Hudak refused to respond to a Clean Air Alliance survey asking what parties would do to protect Ontario consumers and taxpayers from massive nuclear cost overruns.
Meanwhile, the three other major party leaders – Premier Dalton McGuinty, NDP Leader Andrea Horwath and Green Party Leader Mike Schreiner – all agree that nuclear companies should be prevented from passing cost overruns onto electricity users or taxpayers. Such a measure would force nuclear projects to compete on a more level playing field with renewable and natural gas generation projects, which are not allowed to pass along capital cost overruns.
Every nuclear project in Ontario’s history has gone massively over budget and it’s us – the province’s electricity consumers and taxpayers – who end up paying the bills. In fact, the real costs of Ontario’s nuclear projects have been, on average, 2.5 times greater than their original cost estimates. Ontario is still paying down a $19 billion debt left behind by nuclear projects built decades ago.
Please contact Tim Hudak and ask him if he’ll allow nuclear power companies to pass their cost overruns on to Ontario’s hard working families if he becomes Premier of Ontario.
Click here to see the full party responses to our survey.
Ontario Clean Air Alliance
160 John St., #300, Toronto M5V 2E5
Phone: 416 260-2080 x 1