29 June 2011

The price of a loan guarantee

Ontario is planning to build two new nuclear reactors to meet the province’s energy needs in the near future and finance minister Dwight Duncan signalled on Tuesday that the Ontario government will be looking for help from the federal government.

The example he cited? 

You guessed it:  Muskrat Falls.

“They are certainly backstopping Newfoundland in exporting power to the United States,” he said. “Now I guess the question to them will become as we move forward, what are they going to do for Ontario?”

- srbp -