The Liberal government is moving ahead with the planned sale of Hydro One.
The province has filed its first motion with the Ontario Securities Commission for approval.
Parliamentary Assistant to the Minister of Energy Bob Delaney says this proposal suggests the first slice will be 15% of the company and notes in the end 60% of the company will be sold.
Delaney says Hydro One will become a broadly held publically-run corporation and this will ensure the taxpayer will be able to retain and control the asset.
He says money from the sale will go towards badly needed infrastructure upgrades across the province.
Delaney notes he was recently in Kenora and Mayor Dave Canfield showed him all of the things that needed to be repaired.
As far as hydro prices and possible increases, Delaney notes the Ontario Energy Board controls those rates.
