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(October 2, 2017) Nalcor’s Muskrat Falls hydro project will cost more than double original estimates, is years behind schedule and will impose triple-digit rate increases on electricity customers when it starts producing power.
(October 2, 2017) Government-owned utilities have a costly, longstanding habit they can’t seem to kick: megaprojects.
(October 2, 2017) The Site C dam exhibits many of the same traits afflicting other megaprojects: an undermining of the regulatory system, accounting tricks that mask the real cost of the project and an explicit guarantee of a taxpayer bailout.
Government-owned power utilities across Canada are pushing ahead with multi-billion dollar megaprojects, while undermining the regulators put in place to protect consumers from such reckless behaviour, according to a new analysis from the Consumer Policy Institute. Continue reading