Liberals missing the point

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The Liberal party is missing the point. Nalcor is not worried about excess revenue from Muskrat Falls power.

They will profit from the 11 per cent rate of return from the construction costs of Muskrat Falls and the eight per cent from the rate of return from the cost of the transmission line from Muskrat Falls to the Island.

If the party is serious about the large increase the ratepayers are going to pay they should promise to reinstate the PUB's right to monitor rates and not give Nalcor free rein.

Cathy Bennett agrees with Nalcor's business plan for Muskrat Falls.

To see if you agree with the plan, go to page 59 of the PUB report. Personally, I think this was the reason the PUB wouldn't give the green light to the project.

It would be nice if The Telegram would print page 59.

Gerry Goodman

St.John's

Organizations: The Telegram

Geographic location: Muskrat Falls

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Recent comments

  • Hydro, we go
    July 17, 2013 - 12:59

    We have people continually going on about Muskrat Falls and the cost to the rate payers. Consider this; (1) installing windpower infrastructure is very costly (rate payers pay) , plus the fact that the electricity generated by it is intermiitant, it is deadly to birds, and noisey. (2) If N&L Hydro made changes to Holyrood (scrubbers) to keep it online, that would be extremely costly (rate payers pay). (3) If N&L Hydro takes the route of conservation, the only way it would work is if rates were increased to force users to use as little as they can afford (rate payers pay). So tell me great oracle's, what are we to do to keep from paying higher rates?

    • Eli
      July 17, 2013 - 13:56

      Re (2): But not nearly $7-10 Billion dollars. The cost for Muskrat keeps jumping around like PC Cabinet Ministrs.

  • Betty
    July 17, 2013 - 06:18

    LOL..To funny...Sir you are right about the Liberal...Just look at the survey in the Teelgram...Liberal leadership race...Mr Ball at 40%...While Mr Murphy at 54%...In the western star, The man they said NO too...LOL..That alone would tell the people something isn't right with this picture...

  • Greg
    July 16, 2013 - 15:39

    Mr Goodman...I understand where you are coming from...Concerning the Muskrat falls project...And yes the Liberal are missing the point...Just like they did...Concerning what took place with the Grand Falls paper mill...They are just to lazy to do THERE own homework...The only reason the Liberal and the NDP are going up in the polls...Because the pcs are falling down on the JOB...