Mayor denies Reuters story that Toronto Hydro for sale

Mayor Tory has emphatically denied a  Reuters story published Saturday that says he is involved in negotiations about a possible sale of Toronto Hydro to Hydro One for a mix of cash and stock in the newly privatized company. The Reuters account was written by veteran news service reporter John Tilak reported Saturday that Hydro One was in talks to buy the city’s public hydro utility for as much as $3 billion, divided into cash and stock in the provincial power distributor, which was itself partially sold in Nov. 2015. The mayor wrote mail to set his denial on the record. “In recent months, I clearly indicated that I would not be supporting any proposal to sell Toronto Hydro. Rather, I indicated my support for additional City investment in a Toronto Hydro that remained in public hands,” Tory said..

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