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Originally Posted by Bring_Back_Shantz
The PPAs would have expired at the same time no matter what whether they stayed with generators or were taken over by the government.
Sure I’ll grant that the NDP screwed up and this the government had to take over the PPA’s, but that has nothing to do with the timing of dissolving the balancing pool.
I get it, you know a few words and people tell you they mean the NDP did bad, but it’s pretty clear you either dint really understand what you’re talking about or you’re grossly mischaracterizing how things work.
Either way, please go ahead and tell me how I’m the one dishing misinformation when you just staring complete falsehoods as fact.
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From the balancing pool website.
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Following the PPA terminations in 2015 and 2016, the Government of Alberta enacted changes to the Electric Utilities Act in December 2016 that allow the Treasury Board to make loans to the Balancing Pool at the recommendation of the Minister of Energy and to guarantee the Balancing Pool’s obligations.
The Government of Alberta also enacted changes in 2016 to the Balancing Pool Regulation that established the Consumer Allocation for 2017 at a rate of $1.10/MWh for an estimated annual collection of $65 million. From 2017 to now it has been necessary for the Balancing Pool to implement a charge through the Consumer Allocation to recover the losses associated with the PPAs.
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Their duties were completed in 2022. The UCP had to introduce legislation to wind down a Crown corp. If you need me to concede that the NDP wasn't in power to advance that legislation, I will concede that.
But to insinuate that the NDP had nothing to do with it is pure misinformation.
But you know this, right?