great majority of small and medium sized companies," Pearson said.
"It's a very bleak outlook," he says.
Spencer's seen the GA soar over the past few years from 5% of his bill to 42%.
Cost for green initiatives could kill Ontario c
"He's the point on the end of the spear and he's trying to get other manufacturers to take a second look at their hydro bills," Fedeli said.
The GA is expected to increase tenfold province wide, from about $700 million in 2006 to $8.1 billion in 2014, when the last of the province's coal fired plants is phased out.
There's a line on corporate energy bills called the "Global Adjustment." It's that line that pays for renewable energy projects.
The government saw the writing on the wall when mining giant Xstrata shut its smelter in Timmins and moved the operation 200 km west to Quebec where hydro is cheap.
"It's a runaway freight train. We've got to stop it in its tracks or we're going to kill a Adidas Tech Super Snakeskin Black
One North Bay company, however, is sounding the alarm that the costs of this expensive program are forcing companies to lay off staff and will eventually force many of them to leave the province.
Destroying the countryside with thousands of wind turbines that are owned by off shore companies was an even bigger one.
The McGuinty government quietly gave Imperial Oil, most large mining companies, Suncor and other large consumers of electricity a break from it in 2010.
Closing coal fired plants was a costly mistake.
"You're taking extra money Adidas Sl Loop Liverpool out of my pocket and essentially giving it to my competitors," he said.
this province, Spencer said.
Ironically, at least 42 of the largest companies in the province are exempt from the GA.
In his most recent report, provincial auditor general Jim McCarter warned by 2014, the Global Adjustment is expected to be six cents per kilowatt hour nearly two thirds of the total electricity charge
The cost of hydro itself is competitive, he said. It's the GA and the $1 million it's adding to his bill that's killing jobs.
"But you just can't execute it by killing all the businesses along Adidas Originals Sl 72 Floral
The Liberal government's green energy plan has added $1 million a year to his hydro bill an amount he says will eventually force his company out of this province.
Electricity is now his third biggest cost after raw materials and labour.
As well, this province has an excess of energy, which is being sold off cheap to neighbouring jurisdictions the very people Pearson has to compete with.
Pearson says his beef isn't against green energy. He says it's a "proper and noble cause.
Dalton McGuinty constantly extols the virtues of so called green energy.
Almost one third of this $8.1 billion is attributable to costly green energy contracts.
"My company won't make it that far."
That will sound the death knell for his company in Adidas Sl Loop Runner 2018
Nipissing MPP and Tory energy critic Vic Fedeli, says it's not just Pearson's company that's suffering.
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