tag:blogger.com,1999:blog-5235138415013046381.post7672128745068001871..comments2023-10-25T07:29:40.789-02:30Comments on UNCLE GNARLEY: NALCOR CEO DETERMINED TO BREAK TREASURY; BALL WILL LET HIMDes Sullivanhttp://www.blogger.com/profile/02566013585647491614noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-5235138415013046381.post-81431116216238312862016-04-19T07:03:28.334-02:302016-04-19T07:03:28.334-02:30Gov is even more afraid of the blowback coming whe...Gov is even more afraid of the blowback coming when Ed collects up on a $1.5M+ severance package.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-11471346678914172292016-04-12T11:00:29.950-02:302016-04-12T11:00:29.950-02:30Derrick Green - WE MOVE!!! ... is how we cope. I&#...Derrick Green - WE MOVE!!! ... is how we cope. I've already advised both my children to do so as soon as they graduate MUN. <br /><br />After 50+ years of the most blatant and transparent corruption imaginable how the hell else is a new generation going to cope? Otherwise each new graduate will be working the first three days of every week to pay for the organized crime that went before them, (Muskrat Falls).<br /><br />I wonder why dear ole Danny didn't put his name (ego) on the Falls? Wouldn't it seem FAR less ironic than branding a symbol of Justice such as a Courthouse with his name and memory?Anonymous citizenhttps://www.blogger.com/profile/01889984580697117149noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-38633219146606609642016-03-29T09:47:04.930-02:302016-03-29T09:47:04.930-02:30For home owners, addressing a rate doubling simply...For home owners, addressing a rate doubling simply means adding a non-electric heat source to supplement or replace electric baseboard heating. Now that LED lights are common and appliances are energy efficient, we don't need much electricity anymore (other than for heat). Doubling of my bill would add $3600 a year, so justifying oil / propane or pellets would not be difficult. Renters will suffer the most since it is often a financial choice between either baseboard heat or wearing heavy clothing in the apartment.<br /><br />I predict extensive demand destruction.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-41412498388996199092016-03-28T16:56:05.256-02:302016-03-28T16:56:05.256-02:30Seems we have some idea what the commercial sensit...Seems we have some idea what the commercial sensitivities are as discussed by Mr. Martin. Astaldi and Nalcor are in the midst of renegotiations. Page 3 of this document, http://www.astaldi.com/uploads/files/pdf_comunicati_stampa/2016/2016%2003%2009%20ASTALDI%20PRESS%20RELEASE%20FY2015%20Results.pdf has the following statement.<br /><br />"As regards overall calculation of margins, with reference to the Muskrat Falls Hydroelectric Project in Canada, it must be noted that despite the initial operating problems, which penalised the project during the start-up phase, the Group’s operating efforts made it possible to bring production to fairly significant levels.This allowed to start talks with the Client with the aim of rescheduling the remaining works and recalculating the project value."<br /><br />Recalculating the project value? Not hard to guess what that means.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-3767358925258438982016-03-28T12:38:35.164-02:302016-03-28T12:38:35.164-02:30Back during the PUB hearings (when the budget was ...Back during the PUB hearings (when the budget was 5.0 Billion and completion was in late 2016, early 2017, Ed Martin, Gilbert Bennett, and Paul Harrington argued that due to all the front end loading on the project they had good confidence in the cost estimate. At the upper end it would be +40% in accordance with recognized standards. During DG3 this was improved, due to engineering being substantially completed. I believe in December 2013 Nalcor indicated that engineering was 95% complete in their monthly reports. At DG3 the cost estimate was increased to 6.2 Billion, and the upper range of overruns would be 25%. <br /><br />In July 2014 the cost estimate was increased to 6.99 Billion. Again as Tom Baird notes there was great confidence in the cost data. <br /><br />In September 2015 the cost estimate was raised to 7.6 Billion. Confidence was slipping.<br /><br />Now 3 years into the project no one can tell us when it will be finished, and what it would cost. Ed Martin by refusing to tell us this information is by default signing his own resignation letter.<br /><br />By getting elected on the rallying call of more and better oversight, Ball can not stand by and let the public continue to be hoodwinked by Nalcor. <br /><br />Ed Martin knows these answers. The only commercial sensitivity to this is his own ability to collect his salary. <br /><br />There is absolutely no reason why Nalcor should withhold this from the people of the province. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-60499602513413716092016-03-28T09:47:33.821-02:302016-03-28T09:47:33.821-02:30 I hear the Consumer Advocate is making the CDM (C... I hear the Consumer Advocate is making the CDM (Conservation Demand Management) an issue at the current Rate hearings, whereas the power companies look to rubber stamp their dismal record and do nothing approach.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-7542676639549755752016-03-28T09:42:34.018-02:302016-03-28T09:42:34.018-02:30time to forget about Ed and Gilbert, we should sta...time to forget about Ed and Gilbert, we should start to address how we cope with a doubling of Hydro bills as a society.Anonymoushttps://www.blogger.com/profile/14412540071937923797noreply@blogger.comtag:blogger.com,1999:blog-5235138415013046381.post-71169349670721754262016-03-28T08:48:59.618-02:302016-03-28T08:48:59.618-02:30Your last point is probably true, but depressing. ...Your last point is probably true, but depressing. "It seems the election has changed nothing except for the people who owe fealty to Ed Martin". Only a rebellion will stop this.Anonymousnoreply@blogger.com