13 November 2009

How lucky are we, again?

Energy analyst Tom Adams recently wrote that “Newfoundlanders are lucky that Nalcor, their Crown energy company, is not out in the market the trying to sell high cost power right now.”


We’re lucky alright.

Really lucky.

No one would ever head to New York City to try and flog a very expensive project at a time when energy prices are low and capital is really hard to come by to build the project in the first place.

Not on your life.

“We will showcase Newfoundland and Labrador as a prospective location for investment and focus specifically on our province’s potential as a long-term producer of competitive and reliable green energy through the Lower Churchill project.”