Quote:
Originally Posted by Tron_fdc
In terms of electricity, he sold off all the Ab government generation capacity for literally cents on the dollar to the likes of Enmax/Enron/Epcor, with the caveat that if it was ever unprofitable for them they could hand it all back to the Balancing Pool (formerly called the "Power Pool"). So not only did they get a sweetheart deal on generation capacity, held all the distrubution, held all the customers, but they also got an escape clause.
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This isn't true. The 'Enron clause' gave them an out if the government made some change that made the plants "more unprofitable" but if the government didn't make the change, there was no out of the unprofitable plants.
Not that I necessarily disagree with your point, but the "more unprofitable" clause only mattered because of changes that the NDP put in. And really, it's a fair clause. You bought a plant from the government, if the government changes the laws on you to screw over your deal, there should be an out. It's just that it worked very favourable for the plants given when it happened.