23 July 2015

Gull Island? Dead duck. #nlpoli

From the Financial Post, Tom Adams and Ed Hollett take a look at three issues that will hold up any development of Gull Island:

While Gull Island might have a modest edge over Muskrat Falls’ cost per unit of production due to its greater size and less challenging local geology, it’s highly doubtful that Nalcor would be able to offer Gull Island electricity at Ontario prices that are remotely competitive. That is, not without massive subsidies from somewhere.