- Cold Future
- June 01, 2012 - 12:06
Don't forget that the province has bought the shares of oil projects and takes on the associated risks. The oil is floating the government and Nalcor at the present time which hopefully will continue. Don't you think that Nalcor could guarantee fixed electricity rates to the NL consumer instead of the proposed increased rates under the take or pay proposal to develop the uneconomical Muskrat generators? With respect to the $45 per MWH from the Upper Churchill recall power sales, how much does Nalcor get compared to the Emera share. It has been said that the Nalcor share was reduced when Emera took over selling the power from Hydro Quebec- is that true? Hope not - the newfy jokes keep on piling up.
- john's shadow
- June 01, 2012 - 10:48
John you took the bait, like on every issue they want you to believe. This is only good news if its more money then we taxpayers gave to nalcor. Just like MRF's johhny. Have another sip a koolaid b'y.
- John Smith
- June 01, 2012 - 09:00
The naysayers are quick to pounce on every tidbit of bad news, I wonder how they will react to this? I'm sure the dolts like William Daniels and the rest will have a negative spin to put out there.Dwight Ball was mentioning how the cost for power on the mainland was averageing 45 dollars per MWH while Muskrat will cost 239 dollars a MWH. The only thing though is how does he propose we tap into that power? We live on an island in the north atlantic, not in New York, or Toronto.Congratulations to Nalcor for lowering their debt, and for posting a profit...if only all government agencies could do so well.