- September 13, 2013 - 11:35
Mr. Bennett should note that clause 5(a) of last December's sanction agreement is in effect. This says that if the UARB does not approve the link (or only does so with material conditions - which is what happened) then Emera and Nalcor will "attempt to reach a mutually satisfactory resolution of such issues". "Each party shall be free to make its own decisions...". In other words, given a conditional UARB approval Emera is free to walk away from building the link. The analyst is saying that there is about a 50% chance that Emera will ultimately walk away.
- John Smith
- September 13, 2013 - 08:44
The bottom line is that Muskrat Falls will be completed, with, or without the Maritime link. This project is an answer to the coming power needs of our province...and no other.MHI and Navigant stated that Muskrat is the lowest cost option, by 2.5 billion, even without the link or the guarantee. Like bay D'espoir, Cat arm, Grand Falls, or any other NL hydo facillity, it will be built for, and paid for by rate payers.
- September 13, 2013 - 07:50
That the real world of adult investors knows how to rationally handicap the likelihood of an event that will affect the value of their financial investment is not "unfortunate" ----- that Newfoundlanders don't know how to see reality without a prism of partisan, opportunistic, mind-numbing politics is. Ooops, gotta go get my lotto tickets...
- Jon Smith
- September 13, 2013 - 07:40
The last paragraphs sound like we are capitulating to the demands for more cheap power subsidized by the NL ratepayer. Sound a lot like the Upper Churchill fiasco-history repeating with BIll 29 covering the tracks-way to go open and transparent government.