Owned by a corporation which is in turn wholly owned by the provincial government
Operated by a second corporation which is entirely privatized (and isn't even publicly traded)
So, the plant appears as an asset on the province's balance sheet, but it's managed by people who are not exactly duty-bound to act in the public's best interest, and it is packaged in such a way that it could probably be fully privatized at any time. Meanwhile all of its recurring expenses are run through a second company which is not at all duty-bound to act in the public's best interest.
The plant near me is:
So, the plant appears as an asset on the province's balance sheet, but it's managed by people who are not exactly duty-bound to act in the public's best interest, and it is packaged in such a way that it could probably be fully privatized at any time. Meanwhile all of its recurring expenses are run through a second company which is not at all duty-bound to act in the public's best interest.