Quote:
Originally Posted by Makarov
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.
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I won't be able to find the clip from my phone but the guy talking to Danielle Smith on the radio this morning said his company signs the same agreement word for word with governments around the continent. It's more like standard operating procedure than secret backroom Enron deals that evil PC's used to screw future generations.