- May 30, 2011 - 16:04
Vermont hippies buying their power from socialist Newfoundland brethren...a utility deal made in PR heaven!
- May 30, 2011 - 12:22
Calvin Fortis has minority shareholder status in several other projects across Canada why not this one? They only buy into sure things that are guarantee solid profit margins, which Muskrat falls does not. I suggest you do some reading for yourself and not just selective reading either.
- May 30, 2011 - 13:58
Brad - The statement was that they would not enter into a project where they were a minority stakeholder and the majority stakeholder was government run (province/federal etc) as decisions may be made for political reasons not business ones. What other projects is Fortis involved with where as a minority shareholder, the majority of control is owned by a gov't org?
- May 30, 2011 - 10:08
Stan stated the reason they wanted nothing to do with Muskrat Falls is because they didnt want to be a minority shareholder in a government owned and operated project, they said nothing about it being a poor project. Do a little background reading before dropping these pointless comments on a totally un-related story people, really.
- May 30, 2011 - 11:07
My earlier comment is quite valid, I like how Fortis is looking out for their shareholders, unlike the government of NL who is taking advantage of theirs. The reason that Marshall said that they did not want to be a minority stakeholder is because government priorities do not agree with corporate priorities (i.e. making profit). Muskrat Falls will never make a profit in our lifetime. NL ratepayers will have to double their rates just to cover the cost of the project and subsidized power to Nova Scotia. They should have asked Fortis to look at it and proceed if they could do so at current market rates. That would have saved us a ton of money that's already been wasted on this boondoggle.
- Maurice E. Adams
- May 30, 2011 - 08:05
Seems Fortis is quick to get in on the cheap electricity that will be coming their way from Muskrat Falls. Too bad that same cheap electricity will not be available to Newfoundlanders and Labradorians.
- May 30, 2011 - 07:59
Fortis is in expansion mode and doing great for their shareholders, I wish that I had bought their stock 10 years ago. The fact that they wouldn't touch Muskrat Falls with a 10 foot pole speaks volumes.