Mr. Speaker, the fact that Hydro One revenues are not treated the same way as Hydro-Québec revenues proves that flexible federalism is bad for Quebec. Hydro-Québec's revenues are included in the equalization formula, but some of Ontario company Hydro One's revenues are excluded on the grounds that the company simply transmits electricity.
How can the government treat revenues generated by identical activities differently? Is that what it means by flexible federalism?