Back in 2005, we criticized the Ontario government's decision to shut down coal-fired power generation in the province. Looking back, it's clear we underestimated the capacity of the Ontario government to bungle Ontario's energy file, and we underestimated the hypocrisy of the environmental movement
The McGuinty government was more concerned about its political survival than taxpayers' money. It should have terminated its contract with Eastern Power, well before cancelling the Mississauga gas plant. Instead, it hired a hired gun, with a strict mandate to make the hedge fund go away without a messy court battle.