And that debt was also a significant challenge for government, because it guaranteed the debt. This legacy of mismanagement still burdens us to this day. In the form of a massive debt that must be paid. The problem had been ignored by too many governments for too many years. Governments that were short-sighted.
Previous governments didn t see Ontario s electricity system for what it truly is.
They saw it only as an industry. But we knew it was much more than that. We knew that in addition to being an industry, Ontario s electricity system is a vital resource that helped build this great province. A vital resource that every one of your businesses depends on. But we had inherited an electricity sector that was out of date and didn t meet the needs of the people and businesses of our province.