Ensuring the successful privatization of Ontario hydro

Rolling blackouts in California have drawn attention to Ontario's plans to privatize the production and distribution of electricity. The failure of privatization in CA makes it all the more important for Ontario to understand what went wrong there, and why others succeeded. This article describes the best practices in privatization, and provides lessons for both the Ontario government and the parties who would manage the privately owned corporations. For government, a controlled deregulation over time is recommended. This would enable Ontario Hydro to adjust the market dynamics and avoid the CA situation. For potential investors, new ideas and business models are offered. These will help them to capitalize on the opportunities the opening of this market will provide.