RATE MITIGATION: PUB OFFERS NO MAGIC SOLUTIONS

On Friday the PUB sent its final Report on the Rate Mitigation Reference to the Ball Administration which it promptly released to the public. It would be nice to report that the PUB has contrived a magical solution to this enormous challenge, but there is no such good news. The Report, itself, is a bit of a disappointment though not because it contains no magic or that it offers limited solutions. It simply misses an opportunity to give certainty and clarity to the precise dimensions of the mitigation problem, fails to give Nalcor its proper berth, and fails to offer the Ball Government – and the public – advice on a realistic and permanent solution to the worst possible consequence of Danny Williams' legacy project. Obviously, I can be blamed for an excess of expectation.