03 January 2014

The SRBP 9th Anniversary #nlpoli

It all started on January 3, 2005 and as of today, the Sir Robert Bond Papers is nine years old.

As your humble e-scribbler writes this on Thursday evening, the gang at Nalcor have managed the provincial electrical system so ineffectively that on the coldest night of the year so far,  they are forcing people to live for unspecified periods in complete darkness without heat so that Nalcor can cope with the load on the island transmission grid.

These same people are now building a massive hydro-electric project that will produce some of the most expensive electricity in North America and force those consumers currently freezing in the dark to pay for it.

Someone actually tweeted on Thursday night that this was Nalcor’s worst case scenario.

Nothing could be further from the truth.

Nalcor gambled and got it wrong.

Taxpayers are bearing the cost.

It’s the same as Muskrat Falls. And as SRBP enters its 10th year,  there’s something fitting about that situation, given the post from 3 January 2011 pointed out that the fact that consumers in this province are taking all the risk and paying all the bills remains one of the fundamental problems with the entire Muskrat Falls project.