A very short post by James Gordon at Uncle Gnarley contains a whole lot of information about the dam Muskrat Falls.Gordon is a retired professional engineer with a 60 year career that took him to projects in 15 countries. He knows about hydro-elect… . . . → Read More: The Sir Robert Bond Papers: The Quick Clay Dam #nlpoli
15 minutes.That’s all Tom Marshall said it would take to sell out the bonds on Muskrat Falls.He also said that a federal lone guarantee would lower electricity prices for consumers from Muskrat falls.The price one wasn’t true at all, as it turned o… . . . → Read More: The Sir Robert Bond Papers: The Bonds of Muskrat Falls #nlpoli
The mighty Muskrat Falls turned up a few times in the leaders’ debate on Monday night. Now that the project’s huge problems are plainer, folks like Earle McCurdy of the New Democratic Party are working hard to capture the anti-Muskrat vote.&… . . . → Read More: The Sir Robert Bond Papers: The parties and Muskrat Falls #nlpoli
Muskrat Falls has been the big issue in two successive elections. In 2011, the parties wanted to talk about the project, while voters didn’t. It never showed up in the list of any Top Five issues for voters. The parties wanted to talk about M… . . . → Read More: The Sir Robert Bond Papers: Methylmercury and Muskrat Falls #nlpoli
From Newfoundland Power’s rate application to the Public Utilities Board.
The interconnection to the North American grid is a transformative event for the electrical system that currently serves the island of Newfoundland. It also creates significant uncertainties for Newfoundland Power and the customers it serves.
How the costs of the Muskrat Falls development and . . . → Read More: The Sir Robert Bond Papers: Scary words #nlpoli
Muskrat Falls will ensure consumers in Newfoundland and Labrador pay much higher electricity rates than they otherwise needed to pay.
The latest Nalcor estimate is that consumers in the province will see a 53% jump in rates between now and 2020, with rates hitting 19.8 as the project enters commercial production.
The information . . . → Read More: The Sir Robert Bond Papers: Consumer to pay 19.8 cents for electricity in 2020: Nalcor #nlpoli
Since people are wondering if Muskrat Falls really is still the cheapest way to make electricity for local use, let’s take a look at it.
The tale is actually very simple.
Nalcor argued that Muskrat Falls was cheaper than one alternative: an island system dependent on thermal generation using some sort of petroleum fuel like . . . → Read More: The Sir Robert Bond Papers: Alternatives to the Falls #nlpoli
The average consumer in Newfoundland and Labrador should expect to be paying 59% more for electricity compared to their current rates once Muskrat Falls comes online.
A household that current pays $156 a month for electricity (not including HST, basic charge or provincial rebate) will see their monthly charge increase by $94 a month with . . . → Read More: The Sir Robert Bond Papers: Consumer electricity costs to jump by 59% due to Muskrat Falls #nlpoli
The latest progress report shows that Nalcor had a productive summer, but an extrapolation by the researcher and writer JM of information in the latest progress reports points to first power from Muskrat Falls in September 2018 and full commercial power by the middle of 2019.
In at post at Uncle Gnarley, JM described the . . . → Read More: The Sir Robert Bond Papers: Muskrat Falls commercial power by Q2 2019 ? #nlpoli
‘”Pride is a big factor” a manager at Muskrat Falls told the Telegram’s James McLeod on Monday during the latest media junket to the Big Dig North. People come to work every day and say “I built this.”
Pride is the essence of Muskrat Falls.
Go back to 2012.
All the business people who . . . → Read More: The Sir Robert Bond Papers: Pride and Failure #nlpoli
The New England governors and eastern Canadian premiers were in town on Monday for a quick meeting.
The only thing that seemed to make local news was talk about electricity sales. This is old hat for regular readers, but it is worth going over again.
New England wants to buy electricity. They can get lots . . . → Read More: The Sir Robert Bond Papers: New Englanders know you’re bullshitting ‘em, Paul #nlpoli
Ontario and the faltering Conservative administration in Newfoundland and Labrador are talking about the possibility of developing Gull Island to supply Ontario with renewable energy.
CBC’s online story on Monday said exactly that:
Ontario eyeing Lower Churchill hydroelectric power from Labrador.
But if you listen to what grim-faced energy minister Derrick Dalley said to . . . → Read More: The Sir Robert Bond Papers: Always ready for a better tomorrow #nlpoli
All the country’s provincial and territorial leaders – except for Saskatchewan and Nova Scotia – are in Newfoundland and Labrador this week for their annual conference.
What an opportunity for Paul Davis in an election year. He gets to show himself off looking all leader-like and premieral or whatever the word is for it.
The . . . → Read More: The Sir Robert Bond Papers: That’s gotta suck, big time #nlpoli
The public utilities board asked Liberty Consulting to review Hydro’s decisions in 11 projects.
Hydro is looking for a rate increase. The board wanted to make sure the increase was justified.
Of the 11 projects, the consultant found:
“Liberty found Hydro’s decisions and actions imprudent in seven of the eleven specific projects or programs set . . . → Read More: The Sir Robert Bond Papers: Confidence Builder #nlpoli
The reports you will likely read in the conventional media all peg the Muskrat Falls project as behind schedule.
That’s what the latest project update from the provincial government and Nalcor says.
The media reports are also citing an overall number that has the project modestly off schedule.
You need to look at the whole . . . → Read More: The Sir Robert Bond Papers: Way behind schedule #nlpoli
An exchange on Twitter reminded your humble e-scribbler on Wednesday evening of the power of false information to persist despite either being disproven or, in this case, being an obvious nonsense.
Not surprisingly, the discussion was about Nalcor, Emera, the Maritime Link and a block of electricity that Nalcor gets under the Muskrat Falls deal. . . . → Read More: The Sir Robert Bond Papers: The Persistence of False Information: free electricity version #nlpoli
The provincial government will balance its books this year by borrowing $2.1 billion.
Lots of people don’t know that, as Michael Caine would say.
The government included in its budget plans this year a hike in the HST of two percent.
The tax hike will bring in $200 million.
That $200 million will just about . . . → Read More: The Sir Robert Bond Papers: Owing it forward #nlpoli
In response to questioning in the House of Assembly last Tuesday and Wednesday, natural resources Minister Derrick Dalley confirmed that the provincial government is in secret talks with Norwegian oil giant Statoil to develop a new field offshore Newfoundland.
There’s was nothing in the local media about it until the end of the week when . . . → Read More: The Sir Robert Bond Papers: A legacy of secrecy and bad deals #nlpoli
As part of its deal with Nalcor, Emera will get its electricity from Bay d’Espoir, not Muskrat Falls.
The Business Post’s March 2015 edition reported that confirmation of the arrangement came from Emera Newfoundland and Labrador chief executive Rick Janega following a speech to the St. John’s Board of Trade on February 23. Janega . . . → Read More: The Sir Robert Bond Papers: Nova Scotia won’t get Muskrat Falls electricity #nlpoli
Gil Bennett, Nalcor vice-president in charge of the Lower Churchill project, took some exceptions to comments in yesterdays posts on Muskrat Falls and electricity prices.
Rather than go back and deal with his comments in a re-write of the original post, let’s deal with Bennett’s comments here and link the two together so people can . . . → Read More: The Sir Robert Bond Papers: Gil Bennett: fact checker #nlpoli
On the last electricity bill to arrive Chez Scribbler, the price per kilowatt hour was a little over 11 cents, all in.
On Wednesday, Newfoundland and Labrador Hydro applied to the public utilities board for a six percent reduction in electricity rates pending a thorough review of electricity prices now that oil has dropped through . . . → Read More: The Sir Robert Bond Papers: Nalcor: the power of hubris #nlpoli
Konrad Yakabuski’ s column in the Monday Globe is an interesting one for people in Newfoundland and Labrador for a couple of reasons. ‘
First of all, Yakabuski pointed out the “broader credibility problem facing all of Canada’s provincially owned electric utilities.”
Second of all, for all those people in this province who are complaining . . . → Read More: The Sir Robert Bond Papers: Comparative Hydro Costs #nlpoli
Prompted by Wednesday’s post on Muskrat Falls costs, a couple of readers drew your humble e-scribbler’s attention to a tidy little briefing note posted on the Nalcor website.
It’s not really obvious – some might say it is buried – but if you going looking you can find it and a lot of other . . . → Read More: The Sir Robert Bond Papers: Muskrat Falls more than $8.3 billion: Nalcor #nlpoli
Twitter sometimes produces some gems.
Like on Tuesday when Tom Baird, a mathematics professor at Memorial pointed out that the province’s finance minister had a wee bit of a problem with basic math.
“Just do the math,” Ross Wiseman told Liberal leader Dwight Ball during Question Period on Monday. “ Based on the current projected . . . → Read More: The Sir Robert Bond Papers: Just do the math: Wiseman confirms Muskrat Falls cost at $7.3 billion #nlpoli
People interested in one of the big geological uncertainties that could affect the Muskrat Falls dam will have a chancer to hear from an international expert later this month.
Dr. Stig Bernander,an international expert on quick clay landslides, will deliver a public talk at the LSPU Hall, on Victoria Street, St John’s at 8 pm . . . → Read More: The Sir Robert Bond Papers: International expert on key Muskrat Falls feature to deliver public talk #nlpoli