Not to pile on...ok, to pile on...The NDP is either lying about or not smart enough to know that the $2B liability they are screaming about is actually at most only $950M. That's because these contracts could simply be terminated for about $950M instead of continuing to carry them and lose $2B.
http://calgaryherald.com/news/politi...-in-ppa-battle
Quote:
Deputy premier Sarah Hoffman said that if companies that have recently cancelled contracts are successful in returning them to the Balancing Pool, a government entity, it will cost Albertans an additional $2 billion on their power bills by 2020 when the PPAs expire.
But one of the companies at the centre of the case — Capital Power — said the government is being “misleading” in its monetary claims.
“If they simply terminated all the PPAs, the obligation of the Balancing Pool is to pay those plant owners the net book value of the plants, and that is about $950 million,” he said.
“So the absolute worst-case scenario is half what they’ve suggested. If there are sort of basic errors of math like that, it makes me wonder about everything else that’s been claimed.”
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