Hydro generation is by far main source of power generation Clean Technology continues to be heavily subsidized by government Wind and Solar require backup power generation like Natural Gas or Diesel Generators Replacing nuclear power with other sources Imports from PQ would require investment in transmission lines, storage, generators, etc. Natural Gas plants could be built, but they would increase the CO2 footprint Green and NDP want to phase out nuclear power, but do not have viable solution.

1. ELECTRICAL
PRODUCTION –
CANADA –
FEBRUARY 2018
BY: PAUL YOUNG, CPA, CGA
JUNE 2 , 2018

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. SUMMARY
• Hydro generation is by far main source of power generation
• Clean Technology continues to be heavily subsidized by
government
• Wind and Solar require backup power generation like Natural
Gas or Diesel Generators
• Replacing nuclear power with other sources
• Imports from PQ would require investment in transmission lines,
storage, generators, etc.
• Natural Gas plants could be built, but they would increase the CO2
footprint
• Green and NDP want to phase out nuclear power, but do not have
viable solution.

4. AGENDA
GDP and Power Sector
Agenda 2030 and Hydro
Hydro production by source
Commodity Price Index / January 2018
Clean Technology Fund
Pickering Power Plant
Blog – Ontario Energy Subsidies
Blog – Ontario Hydro Rates

5. POWER BY
SOURCE
SOURCE –
HTTP://WWW.IEA.ORG/MEDIA/S
TATISTICS/SURVEYS/ELECTRICITY/
MES.PDF

6. POWER BY SOURCE
SOURCE – HTTP://WWW.IEA.ORG/MEDIA/STATISTICS/SURVEYS/ELECTRICITY/MES.PDF

7. CLIMATE CHANGE / DAMS
Source - https://davidsuzuki.org/story/large-dams-fail-climate-change-indigenous-rights/
Brazil has flooded large swaths of the Amazon for
hydro dams, despite opposition from Indigenous
Peoples, environmentalists and others. The country
gets 70 per cent of its electricity from hydropower.
Brazil’s government had plans to expand
development, opening half the Amazon basin to
hydro. But a surprising announcement could halt
that.
In an interview with O Globo, Mines and Energy
Executive Secretary Paulo Pedrosa said the
government is reconsidering hydro construction in
the face of societal pressure, environmental
damage and increasingly competitive renewable
energy options.
We can see parallels in Canada, where large hydro
projects have been pushed through despite similar
opposition and concerns.
With an October election in Brazil, things could
change, but we hope whatever government holds
power will recognize there are better options than
large-scale hydro. We also hope the B.C.
government will reconsider its decision to proceed
• 60% of Canada’s power generation comes
from hydro dams
• China flooded land, but no comment, why?
https://www.scientificamerican.com/article/c
hinas-three-gorges-dam-disaster/
• Suzuki has been called out for his less than
truthful statements

8. SCOTIABANK
COMMODITY
INDEX
SOURCE -
HTTP://WWW.GBM.SCOTIABA
NK.COM/SCPT/GBM/SCOTIAEC
ONOMICS63/SCPI_2018-04-
09.PDF

9. CLEAN GROWTH FUND
Source - https://www.canada.ca/en/natural-resources-canada/news/2017/11/new_155-
million_cleangrowthprogramlaunchedtoaddressclimatechange.html
It is an example of our Government’s new collaborative approach, which involves leveraging investment in
publicly funded research, laboratories and programs to better promote clean technologies.
Budget 2017 committed $200 million to encourage clean technology in the natural resource sectors. Natural
Resources Canada will deliver $155 million of this funding under the Clean Growth Program. The remaining
$45 million will support clean technology research and the development, demonstration and adoption of clean
technology through Agriculture and Agri-Food Canada and Fisheries and Oceans Canada.

10. R&D SPENDING
Source - http://www.jwnenergy.com/article/2017/11/cnrl-leads-oil-sector-rd-spend-places-fourth-overall-canada/
Overall, the energy sector is a relatively small R&D investor compared to other Canadian industries, the
Research Infosource rankings show.
The top-performing industry sector in fiscal 2016 was aerospace, where six companies posted total R&D
spending of $2.69 billion. Seventeen software and computer services companies were second in combined
R&D spending ($1.99 billion), followed by 21 pharmaceuticals/biotechnology firms ($1.90 billion).
Western Canada, where the energy sector is concentrated, also falls behind R&D investment levels in more
industrialized central Canada. Regionally, 46 Ontario-based firms accounted for $5.36 billion in R&D spending
(42 per cent of the total R&D spending), compared with 26 Quebec companies ($5.33 billion, 42 per cent of
total) and 28 companies based in Western Canada ($2.14 billion, 17 per cent of total).
Overall in fiscal 2016, Bombardier Inc. ($1.97 billion of R&D spending, down 14.2 per cent on the year)
remained by far the country’s leading R&D performer.

11. BLOG – ENERGY
SUBSIDIES
Liberals economics that throwing $200M at retrofitting is a
business subsidies
https://www.canadianmanufacturing.com/financing/ontario-
sets-aside-200m-help-large-manufacturers-retrofits-205599/
I am all for supporting business, but fixed the systemic issues
with your hydro pricing model!!

12. BLOG – ONTARIO HYDRO
RATES
Here is what I told a liberal supporter:
Liberal supporter,
So, Fraser Institute is wrong, right? So, is the AG report wrong as well?
http://www.auditor.on.ca/en/content/news/11_newsreleases/2011news_3.03.pdf
Ontario AG
http://www.auditor.on.ca/en/content/specialreports/specialreports/FairHydroPlan_en.pdf or
http://www.cbc.ca/news/canada/toronto/ontario-hydro-auditor-general-report-fair-hydro-
plan-wynne-1.4358168
I have done my own work through reviewing different information and high hydro rates have
driven out business - https://www.slideshare.net/paulyoungcga/failed-clean-energy-policies-
ontario-wynne-and-mcguinty
Ontario businesses are at the breaking point with the Liberals as they have seen carbon
taxation, elimination of EHT threshold, high hydro rates, planned hikes to minimum wage,
etc. Business can adjust to government policies, but not when they continue to be slammed
by Wynne with bad after bad policy!
Jobs replaced by manufacturing have been lower in pay, like retail/transportation/etc.
https://beta.theglobeandmail.com/report-on-business/economy/census-2016-statscan-
income/article36242392/?ref=http://www.theglobeandmail.com&

13. BLOG / HYDRO
1. Smart Meters -
http://www.auditor.on.ca/en/content/news/14_newsreleases/2014news_3.11.pdf (It seems
the smart meters cost $1.9B, but have yet to provide any benefit
2. Ontario is export power at a loss to jurisdiction like New York - http://petertabuns.ca/3-1-
billion-loss-when-exporting-hydro-question-period-may-16-2016/
3. Ontario FIT poorly implemented -
http://www.forbes.com/sites/judeclemente/2016/03/30/ontarios-high-electricity-prices-
crush-business/#7d630f212fa8
4. Cap and Trade - http://globalnews.ca/news/3097838/cap-and-trade-to-cost-people-business-
8b-in-first-years-auditor/
5. 1 and 20 business will shut down in Ontario due to hydro rates -
https://www.sudbury.com/local-news/chamber-rising-hydro-rates-have-big-impact-on-small-
businesses-289937
6. Grocery Store - http://www.owensoundsuntimes.com/2016/10/24/even-greenest-of-
grocers-burned-by-hydro-costs
7. Gas Plant cancellation to save seats -
http://www.theglobeandmail.com/news/politics/ontario-liberals-gas-plant-cancellations-
cost-1-billion-auditor/article14744879/
8. Ontarians overcharged - https://www.thestar.com/news/queenspark/2015/12/02/ontario-
consumers-likely-paying-billions-extra-for-hydro-one-decisions-auditor-general.html
9. Energy Poverty - https://ottawawindconcerns.com/2017/02/12/energy-poverty-grows-in-
eastern-ontario/
10. Donations - http://www.huffingtonpost.ca/2016/05/02/ontario-taxpayers-gave-163m-to-
liberal-party-s-biggest-corporate-donor_n_9819612.html

14. PICKERING POWER PLANT
NDP
“While Andrea Horwath’s NDP election platform,
Change for the Better, does not specifically
mention plans to shut down nuclear power, it does
say “our long-term fix includes ending over-supply
where we pay for electricity nobody needs.” ”
http://torontosun.com/news/provincial/ndp-anti-
nuclear-position-would-cost-4500-jobs-in-durham-
opponents-say
• Nuclear power is 35% of the total electrical load -
http://www.ieso.ca/learn/ontario-supply-mix/ontario-energy-capacity
• Ontario sells power at a loss –” Ontario has been directly exporting excess
clean energy to adjoining power grids since 2014, the OSPE says.”
http://torontosun.com/news/provincial/ontario-lost-up-to-1-2-billion-
selling-clean-energy-at-a-loss-engineers
• Hydro import from PQ –” Under terms of the agreement, Ontario can
import up to two terawatt hours of hydroelectricity from Quebec — which
is enough to power a city the size of Kitchener for a year. As well, Hydro
Quebec will use surplus Ontario power from renewable energy to pump
enough water behind its hydroelectric dams to produce 500 gigawatt
hours — enough to serve North Bay — at Ontario’s request during times of
peak demand. The deal is the latest step Wynne’s government, trailing the
Conservatives in recent public opinion polls, is taking to ease pressure on
hydro bills with a general election coming in June 2018 ”
https://www.thestar.com/news/canada/2016/10/21/ontario-will-import-
enough-electricity-from-quebec-to-power-200000-people.html
• “There is no mentioned by Ontario Clean Air Alliance on the infrastructure
require to bring in power for 1.5 million homes.
http://torontosun.com/news/provincial/ontario-electricity-equals-ontario-
employment-ford or
https://canadianenergyissues.com/2018/02/06/ontario-sleepwalking-into-
more-expensive-electricity-more-air-pollution/
•

15. CLEAN TECH / CATHERINE MCKENNA
• Where has pushing clean at all cost grown an economy?
Australia yank it because it was hurting the economy. You
would think McKenna would do research, but then again, she
is a liberal. Liberals think they know everything when it
comes to established new policies.
https://www.slideshare.net/paulyoungcga/transformation-to-
clean-technology-economy-canada-september-2017. (The
new 31,000 jobs are regulatory burden which means more
cost to business and less time to focus on growing their
business)
• Butts is lead consultant as such is pushing FIT on to all
provinces - http://www.cbc.ca/news/opinion/ontario-disaster-
architects-1.3884108
• Canada still used combustible fuel to produce close to 18%
of their power. What is the road map to convert combustible
fuels to other sources of power
• Many remote locations rely on diesel generator. These same
diesel generators are also facing carbon tax
• Liberals have no clue how to managed clean technology
including power generation