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  • david
    November 20, 2013 - 14:43

    When the day comes --- and it surely will --- Nalcor will be blamed for the financially insolvency of Newfoundland. The PC's, as then either opposition or government, will place the blame squarely and solely on NALCOR, claiming that the technical and economic feasibility 'nuances' were well beyond their own grasp, and that they took NALCOR's advice and recommendations as gospel. And all the individual actorts in this play, the NALCOR executives and government ministers, will all be off enjoying lucrative, taxpayer guaranteed pensions. And it has ever been thus.

  • Tony Rockel
    November 20, 2013 - 14:23

    Nalcor is operating like a rogue state (within a state) while Dunderdale smiles benevolently and looks the other way.

  • Mr. Squeaker
    November 20, 2013 - 14:06

    I have to venture the question, could it be that this economic brinksmanship is contrived to draw attention away from every bad and getting worse physical prognosis of the project? How do we monetize the underlying risks if we gloss them over from the beginning? Are we playing Atlantic Risk: Monopoly Version Hydro War 2041? Is this real? Retire Ralph Wiseman. It is my turn already! Free Brazil!!

  • Jon Smith
    November 20, 2013 - 12:49

    For 42 years or so we have been crying over a deal gone sour over the Upper Churchill which will add the insult of reduced power price for Quebec in 2016. Now we are the chief cooks in a deal which most likely will eclipse it as being the biggest giveaway and the worst deal in our history. Should we ever be annoyed by the term "Supid Newfie"ever again.

  • Jon Smith
    November 20, 2013 - 12:47

    For 42 years or so we have been crying over a deal gone sour over the Upper Churchill which will add the insult of reduced power price for Quebec in 2016. Now we are the chief cooks in a deal which most likely will eclipse it as being the biggest giveaway and the worst deal in our history. Should we ever be annoyed by the term "Supid Newfie"ever again.

  • FINTIP
    November 20, 2013 - 12:03

    Dunderdale insists Nova Scotia will sign on the dotted line as soon its new government gets its head around the deal. She is half right. Nova Scotia - its government and its utility board - will indeed ultimately approve the link. For Nova Scotia ratepayers, this is a fantastic deal. They badly need additional power and will get that power from Newfoundland at a fraction of the cost of producing it. We, the ratepayers of Newfoundland and Labrador, will pay substantially more for power we don't need in order to subsidize the ratepayers of Nova Scotia. Moreover, the risks will be borne almost entirely by the taxpayers of this province. Dunderdale recently authorized NALCOR to provide still more deal sweeteners to EMERA and Nova Scotia. They include first right of refusal on a much larger block of power at very low rates - a concession that will effectively block NALCOR from entering into long term contracts with other provinces or states. Where Dunderdale is wrong is in asserting that Stephen McNeil, NS's new Liberal premier, is simply ignorant of the facts. One need only read the interventions filed by McNeil and his people - while in opposition but more particularly since assuming office - for proof that they know all too well what this deal is about. But they have quite correctly deduced there is still more blood in the turnip. They are quite happy to let Dunderdale believe that it is out of ignorance that they are asking for still more concessions and guarantees. The truth is they are demanding more because they know they can get more. As Dwight Ball said in the House, they have us over a barrel. As did Smallwood almost 50 years ago, Dunderdale has taken this province so far out on a limb that she feels she has no option but to proceed at any cost and at any risk to the province. Stephen McNeil and the UARB will continue to exploit that desperation until Dunderdale accedes to all of their demands - just as Smallwood did on the Upper Churchill. Dunderdale can say 'no - enough is enough' but, in truth, that would demand much less hubris and far more political courage than she has demonstrated to date.

    • darryl
      November 20, 2013 - 19:42

      "They badly need additional power and will get that power from Newfoundland at a fraction of the cost of producing it." FINTIP, that is not necessary true. We already have enough energy to met our immediate needs. The only reason this deal is even being pushed by Emera was to meet the 40 percent renewable energy limit set by our previous government, which can be taken off the table at anytime by the Liberals. If the Liberal government's 8 proposed conditions are not meet with this deal, then I suspect they will not endorse it. If the conditions are meet and ruled as such from the UARB then I expect Emera to be less happy to follow through, as I believe they have until Jul 31, 2014 to back out. I do understand the feelings expressed on this subject here and I truly hope your premier does not hang you guys out to dry, because that is how we felt when Dexter and his NDP crew were driving this project for Emera. I still can not believe Dunderdale had the gull to take this project away from your PUB. I hope you all remember this at election time.

    • darryl
      November 20, 2013 - 19:43

      "They badly need additional power and will get that power from Newfoundland at a fraction of the cost of producing it." FINTIP, that is not necessary true. We already have enough energy to met our immediate needs. The only reason this deal is even being pushed by Emera was to meet the 40 percent renewable energy limit set by our previous government, which can be taken off the table at anytime by the Liberals. If the Liberal government's 8 proposed conditions are not meet with this deal, then I suspect they will not endorse it. If the conditions are meet and ruled as such from the UARB then I expect Emera to be less happy to follow through, as I believe they have until Jul 31, 2014 to back out. I do understand the feelings expressed on this subject here and I truly hope your premier does not hang you guys out to dry, because that is how we felt when Dexter and his NDP crew were driving this project for Emera. I still can not believe Dunderdale had the gull to take this project away from your PUB. I hope you all remember this at election time.

  • Cyril Rogers
    November 20, 2013 - 11:28

    I find it SO interesting that the Nova Scotia government wants to protect ratepayers....now that is a NOVEL idea! The government of NL, in the meantime, is about to nail ratepayers to the wall with a project that holds them liable for all cost overruns, power deficiencies from the loss of Muskrat power when Quebec wins its WMA case in court, and so forth. How could any administration be so blind and so stupid as to put their people at such grave risk..... especially in light of past colossal mistakes like the Upper Churchill? If history repeats itself, this administration is beyond foolish to ignore its lessons......it is engaging in a wanton and reckless exercise that they need to be held accountable for....and not simply at the ballot box.

  • The reality is...
    November 20, 2013 - 09:35

    Of course Dunderdale isn't worried. There's no risk when you're playing with other people's money!

  • Maurice E. Adams
    November 20, 2013 - 08:24

    But of course --- I am sure our beloved premier is "not worried about that". It's a great project. It must be --- she said so.