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ARTICLE · 22 APRIL 2015

Market Update: Final Recommendations On Hydro One And Broader LDC Consolidation

Gowling WLG
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The Premier’s Advisory Council on Government Assets released its much-anticipated final report on April 16th on the structure of Ontario’s electricity sector.

CanadaEnergy and Natural Resources
Rob Blackstein
Rob Blackstein
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The Premier's Advisory Council on Government Assets released its much-anticipated final report on April 16th on the structure of Ontario's electricity sector. The report is known popularly as the "Clark Report," after the Council's Chair, Ed Clark, and is entitled "Striking the Right Balance: Improving Performance and Unlocking Value in the Electricity Sector in Ontario."

The report updates the initial report released by the Advisory Council released last fall and, as anticipated by some and reported on in the media, substantially revises several of the preliminary recommendations made at that time with respect to the structuring and privatization of Hydro One. In sum, the final report concludes that the Province should proceed with the partial sale of its interest in Hydro One by way of an initial public offering. The initial report previously recommended that its transmission and distribution businesses be separated into two entities and that a majority stake in

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