12 January 2010

As bad deals go…


So like, let’s just make sure we are all clear on this.

First, there was the disastrous deal with Venezuela that was supposed to support cheap power in New Brunswick but wound up costing New Brunswick taxpayers hundreds of millions.

Then there was the deal to upgrade Point Lepreau that has gone so well the New Brunswick government has to look at suing AECL about cost overruns.

And now the people who helped bring you those fiascos think it is a bad idea to sell NB Power, improve New Brunswick’s business competitiveness, control electricity prices for consumers and generally retain provincial regulation of the energy industry while getting rid of a Crown-owned debt pig.


Well, as bad deals in New Brunswick go…