Quote:
Originally Posted by Fighting Banana Slug
The "or more unprofitable" language is definitely favourable to the industry side. However, I still can't imagine how it is improper. It isn't even particularly vague or ambiguous. Really don't see what the government can argue here.
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Exactly, and that's what makes it even more absurd.
That clause likely meant that the province received more for the PPAs when they were signed than they would have otherwise, and now that conditions have changed (Due to the government's own policy change), the province is now being forced to take a loss.
In other words.
This clause was inserted at the last minute, and because of that the province has done very well by the process, making a profit of $3 billion, and should now be prepared to face market downturns.
Wait, that sounds familiar.
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