How would the privatization of Hydro-Québec make Quebecers richer?
Research Paper on the performance of Hydro-Québec and on a privatization proposal for this state corporation
It is time to modify our strategy and obtain returns from Hydro-Québec worthy of the best Quebec businesses. As one government after another since 1944 has been either unwilling or unable to obtain acceptable financial results from Hydro-Québec, we must take inspiration from the British example and privatize Hydro-Québec. In our opinion, privatizing Hydro-Québec will quickly encourage its management to take the necessary measures to improve the firm’s productivity and financial results. This privatization will reap many benefits for Quebecers insofar as it will also be accompanied by a reform of the Régie de l’énergie’s role, and it will allow Quebecers to choose their electricity provider.
Links of interest
Privatizing Hydro-Québec would give $10 billion more a year to Quebecers :: Media Release, February 3, 2009