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Close Topic OptionsPartial Toronto Hydro sale goes to 1st vote
Partial Toronto Hydro Sale 1st Vote - Politics, Business, Civil, History - Posted: 13th Dec, 2011 - 3:44am
Posts: 2 - Views: 479
Canadian Related NewsPost Date: 1st Nov, 2011 - 2:30pm / Post ID: #
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Partial Toronto Hydro sale goes to 1st vote
Partial Toronto Hydro sale goes to 1st vote
Canadian News
Toronto council's executive committee is set to vote on a proposal to sell hundreds of millions of dollars in municipal assets to ease the city's debt load.
Source: CBC | Toronto News
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vote st to sale Hydro Toronto Partial
I have often debated if this is one of the stupidest things they have thought of. Traditionally most utilities can offer the share holder in the range of 5 to ten percent rate of return on their assets. To sell this off I fear might be unwise. I also am trying to keep in mind they have a great amount of old infrastructure that will cost a great deal to upgrade. I think though they should be able to achieve these upgrades and still maintain a minimum of 3 percent return. This day and age I do think that is a bad investment especially knowing this rate once updates are done could increase greatly.
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TOPIC: Partial Toronto Hydro sale goes to 1st vote