Ontario Liberals consider selling LCBO, Hydro One and Ontario Power Generation

Shoppers stock up at the LCBO in Peterborough, Ont. on Thursday, May 16, 2013. (Clifford...

Shoppers stock up at the LCBO in Peterborough, Ont. on Thursday, May 16, 2013. (Clifford Skarstedt/QMI AGENCY)

Antonella Artuso Queen’s Park Bureau Chief

, Last Updated: 2:05 PM ET

TORONTO — The provincial government is looking for ways to maximize the value of the LCBO, Hydro One and Ontario Power Generation and selling the Crown corporations is one of the options on the table.

The government plans to appoint a council led by retiring TD Bank boss Ed Clark to recommend ways to boost profits and get the most out of the assets. Options include growth strategies, reorganizations, mergers, acquisitions and public-private partnerships.

“The council will look to sweat the income statements so we can reinvest in public infrastructure projects that will create jobs and grow the economy,” Finance Minister Charles Sousa said in a statement.

Sousa said the council will give preference to owning rather than selling core assets. There won’t be a fire sale, he said.

The profits will be used to fund infrastructure, including transit.


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