Jerome Kennedy @jerome_kennedy
Let me try and simplify Muskrat Falls. First question, do we(NL) need the power? If yes, then question # 2,what are we going to do about it?
Jerome Kennedy @jerome_kennedy
MF cont'd. If we need the power what are our options: Muskrat Falls, refurbish Holyrood with small hydro and wind,Gull Island,or do nothing.
Jerome Kennedy @jerome_kennedy
MF cont'd. Gull island is not an option at present. To do nothing is not an option. So, do we do Muskrat Falls or refurbish Holyrood.
Jerome Kennedy @jerome_kennedy
MF cont'd. Nalcor argues that MF is $2.2B cheaper than Holyrood.Manitoba Hydro will examine this question and they are independent of govt.
Jerome Kennedy @jerome_kennedy
The cost of oil makes Holyrood so expensive. At peak it burns 18,000 barrels of oil per day. Experts tell us that oil will continue to rise
Jerome Kennedy @jerome_kennedy
Why the cost of oil will continue to rise-not enough supply to meet demand, activities in the Middle East and growth in China. Makes sense.
Jerome Kennedy @jerome_kennedyAnd then came this one:
MF cont'd. Cost of fixing up Holyrood is $600M. Forecasted cost of oil between 2017-36 is more that $7B.Hydro avoids the volatility of oil.
Mark Watton @mark_wattonFollowed by complete silence from the minister.
@jerome_kennedy You know, if the House were sitting, you could do this using more than 140 characters at a time.#nlpoli in reply to @jerome_kennedy
Interesting synopsis of the government argument, though. Interesting because of what it leaves out.
There’ll be more from SRBP in the days ahead.
- srbp -
More Tweets Update:
Jerome Kennedy @jerome_kennedy
MF cont'd(No.8) - Environmental benefits - Closing Holyrood is the equivalent of taking 300,000 cars off the road.Reduces GHGs by 1M tons/yr.
Jerome Kennedy @jerome_kennedyAnd yet more tweets (Jan 22):
MF cont'd (No.9) - Economic Benefits- peak employment of 2700. Job preference to Labradorians. Billions in income and taxes .Little talk of this.
MF No.10 - Power rates continue to rise due to the price of oil. Critics argue that rates will double because of MF.This is simply not true.
MF No.11-The average ratepayer will pay $217 monthly in 2016,pre-Muskrat.This is projected to rise to $232 in 2017 when MF starts up (▲$15).
MF No.12-With Muskrat Falls the average user's rates are projected to go up from $232/mth to $246/mth between 2017-30. Rates will rise $14.
MF No.13-Without Muskrat rates are projected to go up $57 between 2017-30,as compared to $14 with Muskrat.MF will stabilze [sic] and reduce rates.