Over the past five years or so, the provincial government of Ontario, governed under the Liberal Party, has sold a 60% of the publicly owned Hydro One power generation utility. https://en.wikipedia.org/wiki/Hydro_One
With an election coming up, the three main parties are offering differing opinions about what to do with the company that the government now only has a minority stake in. The summarized details can be found here (http://www.macleans.ca/politics/ontario-election-2018-party-platforms/#hydro), but I will summarize further:
- Liberals: don't sell any more, no drastic actions
- Progressive Conservatives: don't sell any more, fire the CEO (debatable if this is even possible)
- NDP: buyback the shares to return control to public ownership
Which plan would be the best outcome for investors, or are all of them bad outcomes? Is the current uncertainty bad enough that one should steer clear no matter who wins the election?
Submitted May 12, 2018 at 11:05AM by KamalaMana8 https://ift.tt/2wAsbPP
