26 October 2009

NL and the NB Power story: the facts

For the benefit of those who keep using the Premier’s comments on the NB Power story, here is what is really going on, in the words of natural resources minister Kathy Dunderdale:

We know that if you come in here as an equity player that you have to have a good return on your investment. And we want you to have a good return on your investment. But it also has to be a good deal for the people of Newfoundland and Labrador. Now we have been with that message back and forth [i.e. to Hydro-Quebec] for five years. No, sir. No, sir. There is no takeup on that proposal.

Yes.

That’s right.

Danny Williams wants Hydro-Quebec to have a good return on its investments.

In this case, it was a good return in exchange for owning a piece of the Lower Churchill.

So what is the pseudo-racket all about?

It might all be irrelevant by tomorrow evening.

-srbp-

6 comments:

Winston Smith said...

Takeup? Sounds like another state neologism worthy of Dr. Seus.

Hydro-Quebec would not, could not, so Dan did roar.

They could not, would not, so now it's war.

They will not deal with masters of the house.
They will not sign even if we're quiet as a mouse.
They will not meet us here or there.
They will not meet us anywhere.

I do not eat French toast and ham.
I do not like them, Dan-I-am.

ClaudeB said...

Oh my!

Danny boy is getting madder and madder by the minute: N.L. premier vows to fight possible deal to sell NB Power to Quebec

Edward G. Hollett said...

Which is madder: the declaration of the attack by Battle Group Steiner or the conventional media reporting it as if it was anything but bluster?

Edward G. Hollett said...

Thanks Anonymous 2051, but we don't take links without some added comment. If we just took links we'd encourage the spammers. Off to the bin with that.

If you have something to add by all means do but I know I'd rather hear what you think than get a link to a rather humourous confirmation of my own comment a while ago on which is madder. Of course, that may not have been what you intended.

Anonymous said...

Whew!
Danny going off the head
"Just in time for by-election", he said.
"New Brunswick power out the door.
Why doesn't he buy it, using NALCOR?
Danny take us all for fools,
Using Hydro Quebec as election tools!

Sorry Wilson. I just had to try to match your poetic justice...lol

ClaudeB said...

Shawn Graham writes a letter to Danny Williams.

In a nutshell: "Dear Danny... will you please SHUT UP!"