The infamous JM is at it again.”Top 10 Muskrat Myths” (via Uncle Gnarley) rebuts 10 of the arguments in favour of Muskrat Falls. All of this has been argued before in several places, but this is a one-stop summary of the key points.One to notice is the… . . . → Read More: The Sir Robert Bond Papers: Muskrat Falls electricity prices… again #nlpoli
Over at Uncle Gnarley, JM’s at it again with the first of a two-parter on Nalcor and its problems with forecasting for Muskrat Falls.
Nalcor assumed that they would get 830 megawatts of electricity out of Muskrat Falls in the winter months when demand is highest. That’s the number they gave everyone else and, as . . . → Read More: The Sir Robert Bond Papers: Nalcor and the Eff In Way #nlpoli
by JM and EGH
The BBC online news magazine carried an article on March 10 that should be of interest to all those following the Muskrat Falls debate.
“Do massive dams ever make sense?” summarizes the work of researchers at Oxford University. They studied more than 245 large dams completed between 1934 and . . . → Read More: The Sir Robert Bond Papers: Silence is the perfect expression of scorn #nlpoli
The rolling blackouts on the island of Newfoundland could warn of bigger problems to come, if a new paper by the analyst JM is correct.
Underestimating peak load and the potential impact on the Muskrat Falls solution
. . . → Read More: The Sir Robert Bond Papers: If Nalcor got the peak load wrong #nlpoli
According to the commentator JM, the implementation of the Utility and Review Board conditional approval will mean that “Nova Scotia will receive 60% of the power, for what amounts to about 30% of the cost” of the Muskrat Falls project.
Using information provided by Nalcor to the Public Utilities Board, JM concludes that “there is . . . → Read More: The Sir Robert Bond Papers: JM’s assessment of the UARB Decision #nlpoli
The provincial “mid-year” financial update included a familiar claim about the Muskrat Falls project:
We estimate that the province will see revenues in excess of $20 billion over 50 years beginning in 2017, with average annual revenues of $450 million over this period.
But a new analysis of the project cash flows by JM shows . . . → Read More: The Sir Robert Bond Papers: Muskrat Falls: delayed dividends, more equity needed #nlpoli
“We are potentially paying 6.4 Billion for 170 MW of firm power, which will just be enough to meet the Emera commitment,” notes JM in discussing one scenario in his latest commentary The Water Management Agreement and Peak Load Delivery to th… . . . → Read More: The Sir Robert Bond Papers: Adding the technical to the legal on the WMA #nlpoli
Nalcor will install new generating capacity at Portland Creek in the mid-2030s despite having about 1200 gigawatt hours of electricity available from Muskrat Falls.
In his latest assessment – Muskrat Falls – The Importance of Transparency [scribd pdf] - JM concludes that Nalcor apparently plans to build Portland Creek at additional cost to consumers in . . . → Read More: The Sir Robert Bond Papers: Muskrat Falls – The Importance of Transparency #nlpoli