Muskrat Falls is an important issue, however Churchill Falls should be as important.
If Newfoundlanders don’t make use of the Churchill Falls contract Article No. 10, they will never get a fair price for the energy sold to Hydro-Québec.
Until Aug. 31, 2016, CFLCo. is receiving one-quarter of one cent per kilowatt hour.
Starting Sept. 1, 2016, and for the next 25 years, CFLCo. will receive only one-fifth of a cent per kilowatt hour.
According to Nalcor’s financial report, Churchill Falls generated $20.2 million in 2014.
For the same year, Hydro-Québec cashed more than $2 billion in net profit by selling the Churchill Falls energy. It is more than 100 times what Nalcor got.
In July 2014, Justice Joel A. Silcoff with the Cour Supérieure du Québec refused to make any change to the Churchill Falls contract.
He told Newfoundlanders that there are absolutely no justifications to change any article in the Churchill Falls contract. He also told Newfoundlanders to stop complaining and crying; in other words, you signed this damn contract, so live with it.
For April 2016 in Montreal, five Quebec judges have already been assigned to hear the appeal. They will deliver exactly the same message that Justice Silcoff did: stop complaining and crying; you signed that damn contract, so live with it.
They will also proclaim that the good faith notion, as written in the Quebec civil code, applies only to Quebec citizens. It doesn’t apply to neighbours living outside Quebec territory.
What Justice Silcoff is telling Newfoundlanders is very clear: if you aren’t happy with the Churchill Falls contract, you just have to make use of the Article No. 10: pull the plug! And then, let’s see.
Hydro-Québec will not long tolerate losing $6 million per day.
And Hydro-Québec’s clients will strongly complain about the loss of Churchill Falls power.
Very quickly, Hydro-Québec will fly to St. John’s to renegotiate the Churchill Falls contract.
Please, stop crying and complaining against Quebecers. Just stand up!
Lucien Beauregard, P. eng
Sainte Julie, Que.