Quote:
Originally Posted by transplant99
Greg Clark really is an impressive guy. He lays out how much of a debacle the Notley NDP has made of electricity in Alberta.
On just this issue alone and the complete ineptitude shown in "fixing something that wasn't broken", this band of court jesters shouldn't be granted a single vote anywhere. Complete madness.
https://calgarysun.com/news/local-ne...box=1553862803 |
Here is an article from 2016 about it.
https://edmontonsun.com/2016/07/25/a...b-16dcc9f4ee25
Quote:
Since December, Enmax, Trans-Canada, AltaGas and Capital Power have announced their intention to terminate all of their PPAs for coal-fired electricity, transferring the money-losing contracts back to a government entity called the Balancing Pool.
The companies all cited the NDP’s government’s Jan. 1 increase to the carbon levy on large emitters, the Specified Gas Emitters Regulation.
But the province said the PPAs were unprofitable already because of low power prices, and if the terminations commence it will cost consumers up to $2 billion through additional costs on power bills by 2020, when the PPAs expire.
In a hard-hitting statement, Enmax said it was “very disappointed” the government is taking retroactive action on agreements that have been in place for 16 years and brought billions of dollars of investment into Alberta.
The company, owned by the City of Calgary, said the government should have realized the implications of its actions related to the PPA issue and that Enmax’s actions were entirely foreseeable and reasonable.
“More broadly, we are concerned with the approach the government is taking and the signals it sends for future investment in Alberta,” said the Enmax statement.
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The NDP set back the province 15 years but this is really being dismissed as noise (who has talked about it?). Good on Clark on calling it out, I think a lot more has to be made about the NDP's colossal mistakes. Smoke and mirrors.