Good article from the Financial post.
http://business.financialpost.com/ne..._lsa=1da4-3dec
A highlight:
The lawsuit also strangely targets its own regulatory agency, the Alberta Utilities Commission, for “unlawfully” agreeing to terms in 2000 that allowed termination of so-called Power Purchase Arrangements “if a change in law renders the PPA unprofitable, or more unprofitable.”
Some quotes from those opining:
“I think Venezuela has moved north,” said an oil executive. “If the reality were not so stark it could be a Monty Python script.”
and
In a statement Wednesday, the Calgary Chamber of Commerce said the lawsuit “sets a devastating precedent that will erode public trust in our regulatory agencies, call into question contracts that have been promulgated under existing regulations, and discourage inward investment to our province.”
and
Deputy premier Sarah Hoffman, who got stuck defending the fiasco, said the province is trying to protect Albertans. “I get why (those sued are) frustrated,” she said. “I get why they are not keen on having to potentially pay this, but neither are Albertans.”