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Originally Posted by OMG!WTF!
Won't the court case take longer than the remaining four years on the contract anyway? Now we're going to pay for the broken contracts as well as a ######ed law suit.
Aren't these clauses standard in ppa arrangements all over the continent? It's not like Alberta is the only government that has done this.
I never thought I would leave southern Alberta. But this is getting intolerable.
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As far as I can tell, these so-called "power purchase arrangements" are completely novel, developed by Alberta in an attempt to introduce competition into the electrical generation industry in the early years of the 21st century.
After doing some reading on the topic (there is an interesting entry on a laws.ca), I maintain my view that the scope of the "change of law" protection granted to the owners is incredibly broad.
Anyway, it does look like this mess is something of an unintended consequence of Alberta's new emissions regime. Looks like a mistake on the part of the government in the sense that it may lead to the elimination of coal power in Alberta much sooner than anticipated (or intended). Will be interesting to watch all of this unfold.