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Recent comments

  • St John's
    June 04, 2012 - 12:31

    We don't need this power brought to the island. If it is developed, Labrador power should stay in Labrador and be used for manufacturing energy intensive products in Labrador -- not exported raw. http://nlcpr.com/AvalonPowerDemand.php

  • Cold Future
    June 04, 2012 - 06:53

    Selling electricity at one quarter to half the price and less has been shamefully accepted for the Upper Churchill giveaway. You would think we would build on that lesson and try to do something where we could gain a few cents to the benefit of our own consumers-looks like the fool me twice shame is repeating itself. The question for the day is: will we shell out the big subsidy for Corner Brook Pulp when Kruger comes with cap in hand today or will we let the mill sink, avoid another ecomomic disaster at Muskrat, and let the consumer in this province benefit?-God knows we deserve it as much or more than the folks on the mainland and in the US.

  • David, I believe you are right on the mark with your opinion
    June 02, 2012 - 22:08

    I have a feeling that David's opinion is correct. This is very scary for all of us Newfoundlanders and Labradorians who have witnessed so much corruption over the years surrounding the development of our natural resources. We want honesty to reign in our governments so that our province and its people can attain the economic status it should have attained from the development of their natural resource base. Our resources do not belong to the politicians, whether they are reigning MHAs, MPs , Senators or ex politicians who have been appointed to arms length government organizations by either the Federal or Provincial Governments from the "Political Patronage" toolkit for being obedient in toeing the party line.

    • David
      June 03, 2012 - 09:31

      Newfoundlanders do not elect governments. We elect emperors, and predictably, we get governed exactly as emperors govern. After so many elections where this pattern has held, it is safe to say we get exactly what we want and deserve. But in an era of never-before (and never-again) windfall government revenues, this 'habit' is simply insane. But there it is.....Newfoundland.

  • David
    June 02, 2012 - 10:52

    The "grand plan" for Nalcor is simple....use the windfall of offshore oil money; 1) to provide very lucrative, high profile jobs for slick talking shysters and politically connected lackies 2) as a giant piggybank for everything from dubious mega projects to useless consultant reports, and 3) as a slushfund for outright embezzlement.....until it's all gone.

  • saelcove
    June 02, 2012 - 09:03

    Do we have a government or does nalcor call the shots,If i were a betting man i would bet on nalcor

  • Maurice E. Adams
    June 02, 2012 - 08:30

    In the Telegram's other Nalcor article today it was mentioned that Nalcor is receiving about $70 million for the outside sale of 1.5 terawatts of Upper Churchill energy. At that rate, if the total output of Muskrat Falls were sold outside the province it would only be worth about $140-190 million, even though (not including an additional $1.1 billion for interest costs during construction and cost overruns) Muskrat Falls will cost about $300 million a year in debt servicing and operating costs for the next 50 years ..... great investment.