Here are some treats to keep you up with the latest developments on the Muskrat falls front.
For starters, CBC’s Anthony Germain interviewed Tom Adams on Thursday about Adams’ contention that the Muskrat Falls project will add a significant debt load on the province. It’s the third audio file from the top on that linked page, incidentally.
How’s $12,000 per person for a significant debt load?
Adams points out that the industry standard way of figuring out costs for electricity projects makes Muskrat Falls hideously expensive. Nalcor’s estimate, incidentally, is that the cost using the industry-standard
. . . → Read More: The Sir Robert Bond Papers: Muskrat Three-some #nlpoli
The evil that men do lives after them; the good is oft interred with their bones.
William Shakespeare, Julius Caesar
In his latest post on Muskrat Falls, energy analyst Tom Adams argues that the provincial government wants to finance Muskrat Falls in a way that shifts the costs and the risks to future generations.
“This proposed financial model inappropriately mixes elements of a power purchase agreement (PPA),” writes Adams, “often used in some elements of the utility industry, and government subsidies to create what Jane Jacobs described in her book Systems of Survival as a “monstrous hybrid”. This
. . . → Read More: The Sir Robert Bond Papers: Living after them #nlpoli
If you’ve been following the ongoing Muskrat Falls saga, you will recall that energy analyst Tom Adams raised some questions a couple of months ago about whether or not Muskrat Falls could actually produce the power Nalcor and the provincial government claimed.
The problem basically came down to this:
January through to March is when Muskrat Falls needs to produce the most power. That’s when Holyrood would be cranking at full tilt to meet demand on the island for lights and heat in the winter months. At the same time, the Nova Scotians will need to get their guaranteed block. . . . → Read More: The Sir Robert Bond Papers: Nova Scotia would get Churchill Falls power for free #nlpoli