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.