- Ed Power
- June 13, 2011 - 11:46
I'm sorry, but as much as I would like to develop the Lower Churchill, and stick it to Quebec, there are far more questions surrounding this project then there are answers being provided. A half million people in Newfoundland, (Labrador apparently doesn't count), are being asked to foot the bill for a $6 billion hydro project that will cost $10+ billion before it is finished, as these things are never completed on time and on budget, and subsidize the sale of the power produced to customers off the island. Exactly what are we supposed to get out of this, other than dubious power usage estimates and decades of increases to our power bills to service the debt this will pile on our backs.
- Shannon Reardon
- June 04, 2011 - 15:30
Maybe one of the House Pages should have protested. "Stop Dunderdale!"
- June 04, 2011 - 13:08
This power deal is in need of a thorough review by an outside source. It is clear that Danny Williams is an ego maniac. All you have to do is witness any time the man does not get his own way. This deal was done by any means possible to circumvent Quebec. I know that I am not in the mood to have this deal rammed down our throats when the house reconvenes in the fall. It is like a bad dream - Churchill Falls - The Sequel. Coming to your power bill in the near future!
- George S
- June 04, 2011 - 07:39
It remains hard to absorb that a province would double their debt on a project with NO rate of return. We should have stuck with cucumbers, but now we enter a millenium with a new joke for generations to endure. Thanks Williams/Dunderdale! Alternatives need to be considered. For $6billion we could construct and operate our own FPSO, develop a field and provide deeply discounted fuel (post-refining) to the Province. What about the 60 trillion standard cubic feet of natural gas offshore NL that Dunderdale has been touting for years - now she is silent on that energy source. Because it is cheaper and cleaner? There has been no move since the Energy Plan was published to implement a natural gas royalty regime, so it continues to be flared or re-injected offshore. When it could easily displace heavy oil at Holyrood if delivered by pipeline or ships. Lastly, what about having to convert Holyrood into a heavy oil burning Synchronous Condenser for voltage stabilization? Where are those costs and what are the carbon emissions? If we go with a Link from Labrador, the Province still needs redundancy in power generation, witness the Quebec ice storms two decades ago - Holyrood will not go away. This is a nightmare. There is a reason the room was void of power industry executives and stacked with Consulate Staff and friends when Williams spoke in New York City in November 2009. It was a little embarassing. The economic fundamentals of the Lower Churchill are flawed and people who know the busines, recgonize this. Any Federal subsidy to Muscrat that displaces one electron of US generated power will trigger a NAFTA challenge....by definition. Thanks Williams/Dunderdale.