Quote:
Originally Posted by Fuzz
Hydro projects are pretty heavily subsidized by government, I think. I assume site C and the Newfoundland projects are getting a lot of taxpayer support. Or am I wrong on that?
|
Might not be direct government support at the start but with the project owners being publicly owned utilities, creditors are likely loaning them money at lower cost because they expect governments to bail them out and/or allow rate hikes if necessary (like what happened for the project in Newfoundland).