This report includes the results of the Auditor General’s Review of the agreement between the City of Toronto and Enwave Energy Corporation in regards to the City’s financial involvement in the Deep Lake Water Cooling Project. The focus of the review has been on whether or not the City costs of the project as well as the environmental benefits of the project have been clearly articulated and reported to City Council.
In summary there needs to be a clear and complete disclosure of all City costs to City Council and in particular for those City buildings subject to deep lake water cooling there needs to be an analysis to determine if costs and benefits have met original objectives.