tag:blogger.com,1999:blog-5235138415013046381.post5661446831980475797..comments2023-10-25T07:29:40.789-02:30Comments on UNCLE GNARLEY: THE OVERSIGHT COMMITTEE: STILL NO OVERSIGHT!Des Sullivanhttp://www.blogger.com/profile/02566013585647491614noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5235138415013046381.post-49649644456870365482018-06-13T00:53:02.725-02:302018-06-13T00:53:02.725-02:30Incredible points. Great arguments. Keep up the gr...Incredible points. Great arguments. Keep up the great work.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-51955293357352075232014-08-06T12:21:12.835-02:302014-08-06T12:21:12.835-02:30Count on it being 10 Billion and it could well cli...Count on it being 10 Billion and it could well climb much higher. <br /><br />This project was a fiasco almost from the git-go…. but nobody had the guts to pull the plug and tell their rich supporters that they could not get richer still, at the expense of the average ratepayer in the province.<br /><br />This is simply a money grab by the well-heeled in the province who now treat it as their personal fiefdom…and why not? Ordinary people are allowing them to get away with it by having supported the current administration at the ballot box. <br /><br />They placed all their faith in Danny and his gang….but will be sadly and rudely awakened when they wake up to the fiscal disaster that is Muskrat Falls.Anonymoushttps://www.blogger.com/profile/09111829889271733714noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-26447081029998818152014-08-06T07:47:45.274-02:302014-08-06T07:47:45.274-02:30It is very concerning, but not surprising, if the ...It is very concerning, but not surprising, if the costs of this project is indeed heading to 10 Billion in total. It would be a total condemnation of Nalcor if this is indeed true. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-3025651568193176872014-08-06T01:13:12.264-02:302014-08-06T01:13:12.264-02:30Sources close to the project, who must of necessit...Sources close to the project, who must of necessity remain nameless, are already assuming the cost is headed - rapidly- to 10-billion and beyond.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-8025021722598759722014-08-05T07:52:42.876-02:302014-08-05T07:52:42.876-02:30Cost growth is one concern. Schedule is another. ...Cost growth is one concern. Schedule is another. We have already been delayed a year. It is entirely reasonable to believe that it will be the end of 2018 before we get any material amounts of power from MF. However, if the LIL is built in time, or accelerated would Nalcor considering purchasing power from HQ to limit our fuel burned at Holyrood. The PUB should be pushing Nalcor to accelerate the LIL even if the plant is not ready. There could be 200 million in fuel savings in 2017/2018 if the link is in place. <br /><br />Of note the subsea cable installation is still going ahead in 2016. This will be 2-3 years before we need it. What is the warranty on this cable I wonder? We are also cutting 2 years into a 50 year design life. <br /><br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-44836374112483571472014-08-04T22:34:23.919-02:302014-08-04T22:34:23.919-02:30All the more reason to feel increasingly nervous a...All the more reason to feel increasingly nervous about the final cost. <br /><br />In my estimation, we are easily heading north of 10 BILLION dollars….a figure that is going to create major fiscal havoc and that, coupled with agreements and obligations built into the deal, will cause huge financial headaches for future generations.Anonymoushttps://www.blogger.com/profile/09111829889271733714noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-44526598380049063722014-08-04T19:34:49.129-02:302014-08-04T19:34:49.129-02:30It is helpful to see the Milestone Schedule (page ...It is helpful to see the Milestone Schedule (page 16 of the Oversight Report), but aside from Project’s December 2012 Sanction, the first milestone is not until November 2015. According to the project's May 2014 monthly report (page 7), approximately 29.5% of the DG3 estimate for the dam and generating facility has already been spent. At this pace, more than 50% of the DG3 figure will be spent prior to achieving the first milestone and there are many milestones after that one until the facility is fully commissioned (now targeted as June 2018). At this early stage it already appears highly probably that there will be material cost overruns on the dam/generating station portion of the project. Luke O'Briennoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-6396852488951648032014-08-04T15:32:38.608-02:302014-08-04T15:32:38.608-02:30Mr. Sullivan, every post you submit about Muskrat ...Mr. Sullivan, every post you submit about Muskrat Falls tends to raise my level of indignation and frustration at the sheer stupidity, arrogance, incompetence, and, dare I say it, possible corruption of the current administration. <br /><br />The glib assurances they make in front of the television cameras masks a frightening reality that is difficult assessment but one that we know will severely hamper the province's fiscal capacity for several decades. It is tantamount to treason and theft, in my humble opinion, for politicians to stand there and assure us that all is well when they know, or should know, that nothing could be further from the truth. If they stand to gain nothing for themselves they know that many of their well-heeled supporters will gain at the expense of ordinary people.<br /><br />Their rationale for supporting this project has long since been shredded by many competent critics while they forge blindly ahead….presumably because of pressure from within their own circle. Any rational and fair-minded person, or collective entity, would never tolerate this kind of interference and shoddy analysis and call it comprehensive and thorough. Their failure to see this reeks of utter incompetence or high-level corruption and willful blindness. I have tried to sort through other possible reasons for their blind obsession and cannot come up with any that otherwise make sense.<br /><br />Much money has already been spent but let's keep the pressure on them and hope that somehow, some way, this fatally-flawed project can be halted and disbanded.<br />Anonymoushttps://www.blogger.com/profile/09111829889271733714noreply@blogger.com