Quote:
Originally Posted by Weitz
Makarov, you act like there is no benefit to the government in these contracts.
These clauses ensured higher prices. As Capital Power said today the prices paid would be significantly less without these clauses.
Which, in my opinion, would open more lawsuits if the NDP win this lawsuit.
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Oh, I totally agree. If (and it seems a large if at this point) the province's claim succeeded, any award of damages would have to consider (ie be reduced by) the amount that the "change of law" provision increased the PPA purchase prices by. Courts are no strangers to these types of set-off.