So get this.
The provincial government in Prince Edward Island is going to borrow a bunch of money and turn it over to a private sector company – a subsidiary of Fortis, no less – so that islanders can think they are getting cheaper electricity.
In reality, they’ll pay the loan back plus interest out of their tax dollars that should be going to things like health care, education and roads.
And Stan Marshall will laugh all the way to the bank.
Meanwhile in other news, the Premier of another small island continues to chase the latest version of his Get-Outta-Dodge legacy plan.
He promises to stay at the table – where and with whom we don’t know – trying to squeeze every penny out of the deal, as Faux News tells us, supposedly for the province. no word on subsidies, but count on having to pay them.
That’s what Bob Ghiz told taxpayers in PEI, too.
- srbp -