Toronto votes to cash in on city's share of Enwave

Toronto's executive committee has decided to put off one part of a controversial plan to sell off some of the city's most valuable assets as a way of easing the municipal debt load. At a meeting on Tuesday the committee decided to approve a recommendation to sell the city's stake in Enwave Energy Corporation, but defer another to sell off a percentage of Toronto Hydro.

City staff said selling off a 10 per cent stake in Toronto Hydro along with the city's 43 per cent stake in Enwave — as well as getting rid of some city-owned property — could bring in $600 million.

National Post Article: "Rob Ford, executive vote to cash in city's share of Enwave"

CBC Article: "Toronto committee approves Enwave, defers Toronto Hydro sale"