The PUB has been asked to make recommendations as to how increases in power rates arising from Muskrat Falls can be avoided, a daunting task indeed, but one for which they have been given a broad mandate. They have just released an interim report on measures to increase revenues and reduce costs. Their work plan is quite ambitious and covers a wide range of options. The question is how far they will go and how receptive will government be to major changes?
Will they recommend the kind of surgery needed to right-size our electric power industry and to extirpate Nalcor as an unregulated monopoly? Will they go so far as to propose that Nalcor be removed from the power system after Muskrat Falls has been completed?