Here is the synopsis of our sample research paper on Privatization of Hydro Electricity in Ontario
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Essay / Research Paper Abstract
This is a 7 page paper discussing the recent deregulation and privatization of the Ontario hydro electricity market. Canada’s largest energy producer, the province of Ontario, has begun the process of deregulation and privatization of its energy industry in compliance with the Ontario Energy Competition Act passed in 1998 which gave the energy utilities to their municipalities and the municipalities two years to sell them, recruit private-sector partners or incorporate them. The initiation of the Act was delayed due to opposition and court rulings until May 1, 2002. This delay combined with favouritism found within the Ontario government, amalgamation of municipalities and government waiving of a debt-reducing tax to some of the former components of the energy system has led to a general lack of confidence and commitment of external investors into the Ontario energy market. The Act was meant to promote competition and relieve the province of the massive debt it amassed with the provincial run utility. At this point, time will tell if privatization will benefit the province and the consumer or whether privatization will be a financial nightmare as found in the state of California and the province of Alberta.
Bibliography lists 3 sources.
Page Count:
7 pages (~225 words per page)
File: D0_TJOntpr1.rtf
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Unformatted sample text from the term paper:
1998 which gave the energy utilities to their municipalities and the municipalities two years to sell them, recruit private-sector partners or incorporate them. The initiation of the Act was delayed
due to opposition and court rulings until May 1, 2002. This delay combined with favouritism found within the Ontario government, amalgamation of municipalities and government waiving of a debt-reducing tax
to some of the former components of the energy system has led to a general lack of confidence and commitment of external investors into the Ontario energy market. The Act
was meant to promote competition and relieve the province of the massive debt it amassed with the provincial run utility. At this point, time will tell if privatization will benefit
the province and the consumer or whether privatization will be a financial nightmare as found in the state of California and the province of Alberta.
On May 1, 2002, Ontario, Canadas largest energy consumer opened its electricity market to competition despite a series of delays for the privatization of the energy grid which
distributes the power. A court ordered delay in the sale of Hydro One will not affect the overall push for the competitive market place the government is seeking (Sekhri, 2002).
One thing the court order does do however is prevent the Ontario Conservative government from withdrawing itself completely from Ontarios electricity market which services every aspect of the current market
from generation, to distribution to retail of the product (energy). The May deregulation was meant to increase competition within the industry but because of the debate over decentralization, many
critics believe that investors in competitive businesses for energy may not be attracted to the Ontario market. The Ontario Power Generation (OPG) and Hydro One, currently one of North Americas
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