There’s a story in the online Connection that highlights how much this council has spent on lawyers and consultants to further its vendetta against Collus-Powerstream: more than $400,000 so far. Half of it was spent in 2015 (I have seen a document that shows more than $249,000 spent in 2015) and the cash register is still ringing. By the end of this year it may well top $750,000-$1 million.
That’s $400,000 of your tax dollars already spent for nothing. Not in town, not on local companies or services. We got absolutely no benefit from that expense. It wasn’t spent on anything for the greater good, but to pursue a very personal vendetta.
Remember that promised savings of $500,000-$750,000 the CAO bragged about back in March? It seems it’s all going to lawyers and consultants. And they’ll be getting more, too. The bills just keep rolling in.
This week, we got the news that Collus Powerstream is one of the top-performing utilities in the province. The Ontario Energy Board released its 2015 Benchmarking Report. in it, Collus Powerstream moved from the third tier (of five) up to second. It’s quite an accomplishment – and owed entirely to the efforts of our great, hardworking utility staff (including the former CEO, Ed Houghton).
It’s ironic that Hydro One remains in tier five – the lowest-performing category. Yet this is who The Block has been secretly trying to sell our utility to: the least efficient utility in the province. Powerstream is, by the way, the second largest municipal utility in this province, with more customers than Toronto Hydro. Powerstream has even more urban customers than Hydro One.
Why do I say costs could top $1 million? Because the Block’s aggressive drive to destroy Collus-Powerstream is about to come to an explosive head. I expect that before the end of summer, Powerstream will be so fed up with the harassment from town hall they will make an offer to buy our share of the utility. And then it will be gone.
We will have lost control over our own hydro rates and services. It will relocate out of town, maybe even out of the region. We will also lose the more than $200,000 a year we get for rent from the building. And any future cash dividends. But we will have the inevitable bills from lawyers to close the deal. Ka-ching!
Now while that purchase is likely the best thing for the staff at Collus – it will get them away from the toxic relationship created by this council and administration – and it will probably benefit the consumer too* – it means we lose a valuable public asset: our electrical utility.
And you, the public haven’t been able to even hear the discussions, let alone provide your input. It’s all been done behind closed doors. Screwed again by The Most Secretive Council Ever.