- Maurice E. Adams
- January 05, 2013 - 13:01
It seems that there is good chance that Muskrat Falls power will never be exported to the U.S.----- the so-called Water Management Agreement (with itself) between Nalcor and its subsidiarary, CFL-Co, is highly suspect and may be in conflict with the 1969 Quebec contract ----- the advertised 824 MW of power, which has since been reported to be an average of only 570 MW, is suspect ----------- the demand on which the very viability of Muskrat Falls depends (an island demand of 0.8% compounded yearly FOR 50 YEARS) is suspect -------- the argument that we need MORE POWER is suspect (40% of 570MW is only 228MW ---- which is less than half our already installed existing and only partially used NET capacity of Holyrood --- which is 466MW) --- the rates for Muskrat Falls power is highly suspect and will likely be much HIGHER THAN government is saying (ratepayers MUST PAY whatever is needed to pay the Muskrat Falls multi-billion dollar debt)........ the original cost of $6.2 billion is highly suspect and when interest costs during construction is included will likely be $12 billion or more (it is already up around $9 billion)........ I could go on and on, but in short, Muskrat Falls is unneeded, uneconomic, and needs to be halted pending an objective and detailed review.
- Cyril Rogers
- January 05, 2013 - 11:17
The government seems to be operating on "a wish and a prayer" when it comes to so many important components of the MF deal that you have to wonder what they are thinking. Jerome Kennedy, as a lawyer, should know that "wait and see"" is a very dangerous position to take when you are dealing with legal matters. It can't be very comforting for him to be spouting such gibberish. When the GFA mill was expropriated they either didn't know or deliberately ran afoul of NAFTA....and they may be doing something similar here. Is it stupidity, incompetence, blind arrogance, or something else entirely?
- W Bagg
- January 05, 2013 - 08:55
don't worry, Quebec will pipe up if any Muskrat Power gets sold in the US, and our openness will be challenged. Imagine if we open up our transmission lines and Quebec Hydro sells their cheap power wheeled thru our lines to the US or NS. I think I see a conspiracy theory brewing ;)
- Ken Collis
- January 05, 2013 - 08:21
Mr. Kennedy is the man who Danny first promoted to fix the provincial prison system. Does everyone remember that one? I wouldn't claim to know much about law but this kind of attitude towards the laws in place in the US won't work. US lawyers will take you to court just because that's what they do. This whole Muskrat thing is being handled by the same expert who fixed our prisons!!! There are ways to make Muskrat Falls development work but you need people much less greedy than what we have now. Right now ratepayers pay for the whole project. The money government takes in for sale of excess power, they keep that. The money from the sale of power at reduced rates to Labrador mining companies, they get to keep that too. Ratepayers have to pay for 40% of Muskrat power but if they only use 30% then the government gets to sell the remainder of the power elsewhere and they get to keep that money too. I know that a lot more people would more than happy to support the project if only the government would pay up like the rest of us. You might argue that what's good for government is good for the people, but that works the other way too. Moer disposable income in the hands of the middle class means more jobs, and more taxes paid. That is good for government.