Quote:
Originally Posted by Slava
Right because until 2000 the legislation was amended to make it read "more unprofitable" as you've noted there. I guess I just think that this is an easy out for the companies and it's pretty clear with them all rushing to get out. The fact is they aren't profitable with this arrangement today, and the carbon tax isn't even in place yet. I'm surprised that so many here would want what basically amounts to bailouts though.
Like I posted before though, to the average guy it doesn't matter. We pay this cost one way or the other anyway.
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I think these companies as far as I can see are profitable today under the current arrangements. Enmax is looking at a 154 million dollar profit for 2016. A 160 million dollar carbon tax bill will obviously turn that into a 6 million dollar loss.
Capital Power just yesterday raised their dividend....
http://www.capitalpower.com/MediaRoo...5-07-2016.aspx
Why are you suggesting they are not profitable? The Capital Power report even shows a profit via PPA.