NDP closing in on PPA settlements with some utilities: government source
http://www.edmontonjournal.com/news/...090/story.html
Quote:
The source said that if the deal is ratified, the two sides would divvy up the losses of the unprofitable PPAs, paving the way for the government to move ahead with its broader reforms of Alberta’s deregulated power market.
The cost to taxpayers is unclear at this point.
The province has apparently agreed to take on losses tied to the government hiking the carbon levy, while industry players would assume losses connected to slumping electricity prices that have sunk to 20-year lows.
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Sounds like exactly what would work in the best interest of both parties. GoA pays for the costs associated with the carbon levy and industry doesn't get to off load market losses to the public.
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