08-07-2016, 08:02 PM
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#2642
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Powerplay Quarterback
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this PPA deal seems to have a few surprises
http://www.theglobeandmail.com/news/...ticle31303953/
" After extensive public hearings in 1998 and 1999, the fine print in the pending power contracts stated that companies could back out of the 20-year deals if government policies made them unprofitable. However, the words “or more unprofitable” were added on July 28, 2000, among a shopping list of what were supposed to be quick and relatively minor fixes, according to an internal ministry memo."
aND
"On Aug. 18, the modifications were bundled with the PPAs and made into a regulation. Mr. Klein’s cabinet voted not to announce the new regulation through the typical process. Instead, the regulation was quietly posted on a government website for five weeks and then removed. The regulation can be ordered today from the government’s printer, although it still doesn’t appear in a list of regulations available to lawyers"
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