Quote:
Originally Posted by OMG!WTF!
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. |
No, I'm not saying the companies aren't profitable. That isn't the point. The issue for the companies is that the PPAs aren't profitable. That's why they all want to get out from the contracts now.
Anyway, I'm just bowing out. I get that there might be no way around this, but it still seems like horrendous legislation to me.