- Cold Future
- November 01, 2012 - 13:02
Quebec is delivering Romaine power to market for 9 cents per Kwh-that means based on the new estimate that Nova scotia can deliver Muskrat power at 12 cents per Kwh and Newfoundland at 21 cents per Kwh. If the Muskrat comes in at 10 billion instead of $7.4 then the corresponding prices would be 17 cents for NS and 30 cents for NL (assuming equal risk associated escalation for both NS and NL). So anyone can see the problem with our cost of electricity with Muskrat. Its just too expensive a project. Now to say that we can compete head on with Quebec for power delivered to Labrador mining interests is a bit (as Archie Bunker would say) NAVE isn't it? Apart from the 170 MW of recall power being sold to Emera, Its hard to see how Quebec could be shaking in boots over the competition for any additional power from Muskrat.
- Cyril Rogers
- November 01, 2012 - 12:40
There is a serious disconnect between the government's CALCULATOR exercise and the real reasons for Muskrat Falls, if this report on Labrador mining is any indication. There are projections FOR MINING, at the high end, of power needs in excess of 1400 MW. This amount of power would most certainly NOT be available from the Muskrat Falls project. CONSIDER THIS: the Island will supposedly need 40%(close to the average production would be 200 MW). Nova Scotia would take 20%(100+ MW). That leaves all of 200, or maybe 400 at peak river capability. SO: Will it come from thermal generation in Labrador OR will it come from purchases from Quebec Hydro? Given these numbers, would Gull Island not have made more sense, strictly from the perspective of supplying power to new mines? FURTHER, the mines will be looking for very cheap power, so guess who pays? YOU AND ME! We will heavily subsidize these mining developments just to shut down Holyrood? This whole scenario smells! KEEP THESE NUMBERS IN MIND: 28 years to go until we have virtually free power from the Upper Churchill! With Muskrat, total costs, including debt repayment will run close to $20 billion dollars!
- November 01, 2012 - 12:24
Hydro Quebec has plenty of excess power that they can't sell in the US. The problem for potential mining customers in Labrador is that HQ will be probably asking for 6 or 7 cents per kilowatt hour for that power, while at the same time, they can get it for 3 or 4 cents from Muskrat Falls.
- Too Funny
- November 01, 2012 - 12:18
"We know what the power is costing in Quebec and we have to be competitive with Quebec,". uh huh. You mean we have to be competitive with the power we are subsidizing to Quebec. Sure, lets build another damn and subsidize that power so that it's competitive with the power that we are already subsidizing to Quebec. That's the logic of swirling down a drain. Why not just use all those tax revenues and royalties to pay for MF and leave us Joe Blows alone.
- For who's fortune
- November 01, 2012 - 12:04
This MRF is a microcosm of the fortune and OCI matter. Both governmnet and big business are pushing to access our provinces natural resources at the cost of the taxpayers.And they'll break any rules they need to because they can and the rules don't apply to them. That's why a naysayer is also a taxpayer.At any cost to us in these historic, harsh, tough tory times.
- Maurice E. Adams
- November 01, 2012 - 11:14
So is anyone surprised to see that the real reason for Muskrat Falls is so that the mining giants of Labrador will get their power at 2 or 3 cents per KWh, while the real cost of this unneeded power (about 37 cents/KWh to build and transmit to the island) will (must) be paid for --- lock, stock and barrel by captive island ratepayers --- $21 billion AFTER 2041 (even though near-zero cost Upper Churchill power would have otherwise been available)..... In effect, the benefit of near-zero cost Upper Churchill power will no longer be available to island ratepayers in 2041 ---- they will be locked into Muskrat's high cost, 50 year 'take or pay' contract until 2067 ---- What a travesty. Muskrat will not only impose high cost Muskrat power on our children and grandchildren until 2067, but will also deny them the benefit of near-zero cost Upper Churchill power also until 2067.