RATE MITIGATION AND OUR FISCAL CLIFF

Guest Post by Ron Penney

The Government put out its rate mitigation plan last April prior to the provincial election.

It also asked the Public Utilities Board to examine rate mitigation and hearings are presently underway.

Unfortunately both efforts are being promised and undertaken in isolation, ignoring the real elephant in the room, our dire financial situation.

STAN: DON'T LET THE DOOR HIT YOU ON THE WAY OUT

If the public didn't feel so well off, Nalcor CEO Stan Marshall would be gone in a Dunderdale minute. They need to tell Stan not to let the door hit him on the way out. April 2020, his scheduled departure date, won't come soon enough!

Just more than a week ago, Marshall graced the PUB Hearings on rate mitigation with his noble presence. One might have expected him to explain why thousands of transmission lines throughout the world operate using dependable computer software, yet even a two-year delay in the Muskrat Falls project isn't sufficient to get Alstrom, Nalcor’s contractor since 2014 (purchased by General Electric in 2015), off their duffs. Worse, the public has to be satisfied with Marshall’s simplistic assertion that the job is “complicated”.