PlanetNL10 – Atlantic Canada Energy Rates – the Deception of Parity
Where Muskrat Falls is concerned, the Government, regardless of party, has a clear track record of getting the facts wrong. The trend continues as we transition toward the operations and cost recovery phase of project. The latest misguided gem – being relied upon by NL Hydro at the General Rate Application hearings last week – is Premier Dwight Ball’s stated rate target of 18 c/KWh for residential rates. The Premier defends this as being comparable to expected rates in the other Atlantic Canadian provinces. It doesn’t take much research and insight to demonstrate that the Premier couldn’t be more wrong on this issue.