Utility and City

star: But as the stars align for the sell-off, or perhaps more accurately, are engineered into alignment, the city should proceed with caution, according to The Toronto Star. The Star revealed earlier this year that some of Mayor John Tory senior staff and advisers had long been working toward a partial sale of the utility, which could bring in up to $1.5 billion for the cash-strapped municipality. Order this photo Mon., Nov. 7, 2016 The perennial push to privatize Toronto Hydro, the publicly owned power provider, appears to be making unprecedented progress. Last month, Toronto Hydro hired two former senior Tory advisers to lobby council to consider a sell-off. Meanwhile, policy-makers sympathetic to the sale have been chipping away at the traditional arguments against. And last week, Calgary-based energy giant Enbridge Inc. hired another former Tory operative to pitch its purchase of part of the energy provider. (news.financializer.com). As reported in the news.