Monday, 18 September 2017

MUSKRAT WILL DESTROY UTILITY SYSTEM IN 2020

Guest Post by PlanetNL

PlanetNL1: Like a Hurricane - Muskrat To Destroy Utility System in 2020

This guest blog series is offered to demonstrate the true value of Muskrat Falls (aka Lower Churchill Project) and to expose the risks and burdens imposed by it on Newfoundland ratepayers and taxpayers.  The view will be predominantly forward looking, relying on best available project and market information to deliver plain economic analysis that can be appreciated by a wide range of people.  There will be little ranting as the dire economic concerns will speak for themselves. 

First up is a deeper exploration of consumer billing rates than Nalcor and Government have been providing.  The Nalcor rate projection has consistently gone up as the Muskrat project has advanced with cost overruns, yet it seems they have not given all the facts.  They already have a prediction of more than doubling rates after the project is commissioned in 2020 but PlanetNL projects that rates will actually shoot much higher.

Thursday, 14 September 2017

PREMIER NEEDS QUEBEC JUDGE'S HELP ON FORENSIC AUDIT

GUEST POST WRITTEN BY CABOT MARTIN

So is the Muskrat fat finally in the fire?
Premier Ball’s nostrils are definitely offended by the stink from Muskrat Falls but it’s Nalcor’s method of paying it’s top end workers that seems to be the immediate cause.

We’ll have an inquiry into Muskrat, he says, and it will even start before the site is deserted. We are working on the Terms of Reference, he says, 
... and this employment contract mess will be included and, of course, we cannot delay the project.
Opps!

A curious turn of logic. Big problem – long finger.
Premier – you are on the mark with the need for a Public Inquiry but you need a road map to get there.

Monday, 11 September 2017

RCMP MUST ACCOUNT FOR FAILURE TO INVESTIGATE NALCOR

The poorly conceived August 31, 2017 EY Report on the Muskrat Falls project was essentially irrelevant, albeit with one major exception. 

EY stated that “the Project [still] retains a high level of inherent risk”. The firm said that the risks included “a series of complex and significant activities” which will command a “high planned spend rate”.

Cited as examples were construction at the North and South Dams, continuing power plant installation, turbine and generator installation, HVDC commissioning, and the approaching winter.

Why should the issue of “high level of inherent risk” justify revisiting?

Thursday, 7 September 2017

EY REPORT ON MUSKRAT FALLS MOSTLY A BIG MISS

When it comes to auditing the risks and shortcomings of the Muskrat Falls project, and the incompetence of Nalcor, EY is no Liberty Consulting Group.

Plain-speaking Liberty, employed by the PUB to analyse the cause of the breakdown in service during DarkNL, persistently offered a clear narrative of what reforms might effect change.  

In contrast, EY’s prescription for Muskrat is so couched in practised opacity and bathed in bureaucratization that often only the innocuous is illuminated. The Muskrat Falls Report entitled "Assessment of Implementation of EY Interim Report recommendations" is essentially a document for politicians to point towards. It is strong on neither engineering nor cost-accounting. 

Monday, 4 September 2017

B.C.'s SITE C AND MUSKRAT FALLS COMPARED

Guest Post by David Vardy
Summary of Submission to BCUC
This is a summary of my detailed submission entitled "Site C and Muskrat Falls Compared" made to the British Columbia Utilities Commission relating to their inquiry into Site C. This inquiry was initiated by the new NDP government of BC and is directed towards the determination of the costs of continuing, suspending or terminating the project.  
In both provinces there were joint federal provincial environmental reports. In each case the joint panel recommended further detailed financial and economic analysis to confirm the wisdom of proceeding, recognizing that no strong business case had been presented for either Site C or Muskrat Falls.  Both provincial governments proceeded with little deference to the advice from the joint environmental panels.

Thursday, 31 August 2017

PUB SHOULD TREAT HYDRO'S RATE HIKE HARSHLY

When government agencies engage in self-aggrandizing claims, they really should try to support them with something more than rhetoric.

The public awaits PUB approval of a NL Hydro sponsored electricity rate increase of 6.6% in 2018 and another 6.4% in 2019. The PUB has adequate reason to reject at least a part of the request.

Hydro’s Rate Application (Vol. I, page 3.5) reads that the rates increases are necessary because: 

Hydro has prudently increased investment in its capital program. In 2016, Hydro spent approximately $204 million on capital work (infrastructure). In 2017, Hydro plans to spend $370 million. These investments, including the new transmission line TL267 from Bay d’Espoir to Western Avalon, are necessary to secure the long-term reliability of the system for Hydro’s customers. (bold added)  

Monday, 28 August 2017

BARD OF PYNN'S BROOK GETS WINDY

WIND 

Offshore mills!  The wind is strong:
A grandiose scheme, beat the gong.
Beothuk sings a heady song 
To let power flow To let  flow to Up-along? 

Think Muskrat Falls a precedent,  
A template for a cost-ascent
That promises our discontent 
As heat bills to the heavens sent.  

Wind power widely subsidized: 
Rates are low, cost high-sized.
Many projects ill-advised, 
Markets often un-realized. 

To fill Brakes Cove, what's the need? 
There's lots of wharf, and land in weed
Sees little use, that could be freed
To development if must proceed. 

For short-term jobs, the mayors bray:
Assemble mills in filled-in Bay.
The public signed for cost to pay?
To facilitate power give-away.

That old hype pattern on project moot. 
We can't afford the bill to foot -
The peoples bill! Who gives a hoot? - 
- Demand a stop to our cash input. 


John Tuach
Pynn's Brook
August 18, 2017