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For now, Ford government will not be firing Hydro One boss

July 10, 2018 8:36 PM
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Promised three months ago as the “first act” of a Doug Ford government, the firing of Hydro One boss Mayo Schmidt — whom the new premier dubbed the “$6 million man” — has fallen down the priority list.

“We are working on that issue right now,” Government House Leader Todd Smith said Tuesday in outlining the new Progressive Conservative administration’s aims as the legislature is recalled for a couple of weeks.

Smith, the party’s energy critic in opposition, acknowledged the new PC government has not been able to make good on the promise while it dealt with other matters, such as axing the Green Ontario Fund that helped consumers save money on smart thermostats and energy-efficient windows.

“While it might not be the first on the list of things that we’ve accomplished we did get down to work right away and we’ve accomplished a number of things,” he added.

“Dealing with the Hydro One situation is very much a priority going forward and stay tuned for details.”

The plan to fire Schmidt was criticized by rivals as campaign sloganeering that would do nothing to lower electricity costs and prove expensive to boot — with Schmidt getting a golden parachute of up to $10.7 million if fired without cause by a new board of directors appointed by the government.

“You can take this to the bank. The CEO is gone and the board is gone,” Ford, who has not held a news conference since his swearing-in almost two weeks ago, said on April 12.

But within a few weeks of his landmark June 7 election victory, the party began surveying voters by text: “Hi, this is Sophie from the Ontario PC Party. Do you agree that Premier Ford should fire the $6 Million CEO of Hydro One? Please Reply: #Yes #No #Unsure.”

New Democrat MPP Peter Tabuns said he suspects the new government has found the promise was easy to make but is harder to deliver.


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