In April, the Ontario Liberal government appointed Bilderberg Steering Committee member Ed Clark (President/CEO of TD Bank Group) to lead a five-member council that will consider options to "optimize the full value" of provincial assets such as Ontario Power Generation (OPG) and Hydro One -- potentially privatizing key electricity transmission and distribution assets.

That would be an astonishing move -- outdoing even the old Mike Harris vision -- and should be a primary focus of the Ontario election on June 12.

Having already handed power-production over to private-sector independent power producers (IPPs) and guaranteeing them outrageously high feed-in tariffs, Ontario seems to be following in the disastrous path of Alberta. There, $16 billion taxpayer dollars have been poured into building transmission infrastructure owned by the private sector, primarily Atco and SNC Lavalin's AltaLink. To the shock of many, in May 2014 Warren Buffett's Berkshire Hathaway Energy announced a $3.2 billion deal to buy AltaLink, which serves more than four-fifths of the province.

Financial analyst Erik Andersen told me by email that the takeover bid is "not a surprise" to the financial industry because "all P3 [public-private partnership] and IPP contracts are transferable" and "ownership moves up the food chain."

By 2012, TransCanada Corp. had become the biggest IPP in Ontario. Bruce Power -- one of whose owners is TransCanada Corp. -- is reportedly now eyeing the purchase of OPG, or parts of it. Privatizing Ontario's electricity transmission sector would also facilitate energy-export corridors, which TransCanada is involved in planning.