Sunday, November 28, 2010
Monday, June 21, 2010
Monday, May 17, 2010
Who Did What to Who
It has been know for quite some time that everything we have has to be made by something,by some act of nature,a divine act or by man himself.
Another fact, or until recently, thought to be a fact, was that everything was delivered by truck, with the exception of a baby.
WOW!!!! Who would have thought there is something that is not a baby, and is not delivered by truck. Another fascinating thing about this, is unless you the expense of delivering a baby, take in that baby's full lifetime,is the most expensive of all deliveries.
This company had revenue of 4.42Billion Dollars in 2005, and had a Net Income of 483 Million Dollars.
The Company itself is a private company, however 100% of its shares are owned by the Government. It is a crown corporation wholly owned by the Government of Ontario.
This Company manufactures, nothing,it only delivers across the Canadian province of Ontario. It is a crown corporation wholly owned by the Government of Ontario.
Revenue exceeded expense by $1,043 million in 2008–09, reducing the Corporation’s unfunded liability from $17.2 billion to $16.2 billion as at March 31, 2009.
The unfunded liability has declined for five consecutive years. It is $3.2 billion less than the initial unfunded liability on April 1, 1999, when The Company was restructured. Total debt and liabilities were $30.5 billion, down from the $38.1 billion inherited by the Corporation from the restructuring. The residual stranded debt will likely be retired between 2014–2018.
I moved from my apartment on April 1,2010 and had the meter read as per my rental lease April 22,2010. In that period of time the hot water heater was the only power used, and this was without any water consumption.
My bill for that time was $86.22.
If you have not already guessed I am speaking of HYDRO ONE
YES my bill was 86.22, Electricity Supply= $33.96, Then something called Provincial Benefit =$13.02 (Lets have a look at this"crown corporation wholly owned by the Government of Ontario" )Why do they need anymore benefits.
OH Ya I started this off talking about Deliveries and now I find just over 35% of my total bill is a delivery charge.
Lets keep in mind that they have charged every other residential customer in the province at that same rate, and I cannot think of any other commodity that returns a higher profit margin.
OH yes with a revenue of 4.42Billion Dollars in 2005, and had a Net Income of 483 Million Dollars, why are we repaying a debt that is owed by THE PROVINCIAL GOVERNMENT.
I pay my share of provincial taxes already without the Province, under the halo of Hydro One, dictating that I pay (on this bill)about 2 1/2% of the total bill,while the shareholders collect their profits.
Since the shares are 100% owned by the Provincial Government, I wonder how much more the population of Ontario, will let our governing parties squeeze out of us.
information was obtained from:
http://www.oefc.on.ca/pdf/oefc_ar_2009_e.pdf
Hydro One - Wikipedia, the free encyclopedia
My Personal Hydro One Bill
Another fact, or until recently, thought to be a fact, was that everything was delivered by truck, with the exception of a baby.
WOW!!!! Who would have thought there is something that is not a baby, and is not delivered by truck. Another fascinating thing about this, is unless you the expense of delivering a baby, take in that baby's full lifetime,is the most expensive of all deliveries.
This company had revenue of 4.42Billion Dollars in 2005, and had a Net Income of 483 Million Dollars.
The Company itself is a private company, however 100% of its shares are owned by the Government. It is a crown corporation wholly owned by the Government of Ontario.
This Company manufactures, nothing,it only delivers across the Canadian province of Ontario. It is a crown corporation wholly owned by the Government of Ontario.
Revenue exceeded expense by $1,043 million in 2008–09, reducing the Corporation’s unfunded liability from $17.2 billion to $16.2 billion as at March 31, 2009.
The unfunded liability has declined for five consecutive years. It is $3.2 billion less than the initial unfunded liability on April 1, 1999, when The Company was restructured. Total debt and liabilities were $30.5 billion, down from the $38.1 billion inherited by the Corporation from the restructuring. The residual stranded debt will likely be retired between 2014–2018.
I moved from my apartment on April 1,2010 and had the meter read as per my rental lease April 22,2010. In that period of time the hot water heater was the only power used, and this was without any water consumption.
My bill for that time was $86.22.
If you have not already guessed I am speaking of HYDRO ONE
YES my bill was 86.22, Electricity Supply= $33.96, Then something called Provincial Benefit =$13.02 (Lets have a look at this"crown corporation wholly owned by the Government of Ontario" )Why do they need anymore benefits.
OH Ya I started this off talking about Deliveries and now I find just over 35% of my total bill is a delivery charge.
Lets keep in mind that they have charged every other residential customer in the province at that same rate, and I cannot think of any other commodity that returns a higher profit margin.
OH yes with a revenue of 4.42Billion Dollars in 2005, and had a Net Income of 483 Million Dollars, why are we repaying a debt that is owed by THE PROVINCIAL GOVERNMENT.
I pay my share of provincial taxes already without the Province, under the halo of Hydro One, dictating that I pay (on this bill)about 2 1/2% of the total bill,while the shareholders collect their profits.
Since the shares are 100% owned by the Provincial Government, I wonder how much more the population of Ontario, will let our governing parties squeeze out of us.
information was obtained from:
http://www.oefc.on.ca/pdf/oefc_ar_2009_e.pdf
Hydro One - Wikipedia, the free encyclopedia
My Personal Hydro One Bill
Subscribe to:
Comments (Atom)