By Jon Willing, Ottawa Citizen, December 5, 2017
(...)Council starts spending phantom hydro dividend surplus
No one knows if the city will collect a larger hydro dividend next year, but council is already looting the phantom surplus.
Hydro Ottawa guarantees sending the city at least a $20-million dividend each year. Any extra money is a bonus for the city.
The city is the hydro utility’s sole shareholder.
The environment committee previously voted in favour of using any hydro dividend surplus for renewable energy projects.http://ottawacitizen.com/news/local-news/bb-owners-convince-city-to-consider-impact-of-proposed-accommodation-tax