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Showing posts with label Non-recourse financing MFP. Show all posts
Showing posts with label Non-recourse financing MFP. Show all posts

Monday, 2 December 2019

MUSKRAT COSTS “HARD WIRED”?

Guest Post by David Vardy
In August of 2018 Premier Dwight Ball told us that ratepayers would not have to pay for Muskrat Falls. Recent news reports indicate that the Premier has met with the Prime Minister and further federal support will be announced in January.  Does this mean that Nalcor CEO Stan Marshall was wrong when he told the PUB the cost was inescapable? The PUB heard little in the way of proposals to lighten the burden other than the shifting of costs from ratepayers to taxpayers. This offers little comfort because for the most part we are all both ratepayers and taxpayers.