12:58 PM (Eastern): It’s great when you can get the mainlanders to read stuff your publicists cranked out. No fact-checking.
1:00 PM: The cash came from deals signed before 2003 and the debt remains the same.
1:01 PM: The economy actually shrank 26% according to the provincial government’s latest budget.
1:02 PM: The 2009 cash shortfall was a half billion with another billion forecast this year. The net debt went up last year.
1:08 PM: Current cost estimate: $14.7 billion to get it done.
1:08 PM: It is straightforward except they have no markets and no money.
1:10 PM: The Old Man spent five years trying to get HQ to take an equity stake in the Lower Churchill. They just weren’t interested.
1:12 PM: April 2009: NALCOR wheeled power through Quebec. Its projects got done too.
1:12 PM: NALCOR presented no evidence to bolster its claims.
1:15 PM: NALCOR’s requests went to the Regie because NALCOR filed appeals.
1:17 PM: NALCOR’S reputed price to New Brunswick: 16 cents per kwh, if the project ever gets built. NB current consumer rate = 12 cents per kwh
1:20 PM: Williams’ original ask to Ottawa 2005: federal transfers equal to offshore revenues regardless of whether or not the province qualified for Equalization.
1:24 PM: Imagine if they’d expropriated private property.
1:26 PM: Will Jack and Iggy still cuddle Danny now?
1:27 PM: Self-reliance, but only with hand-outs.
1:29 PM: A fine rehash of the New York speech and every great 40-year old fable, delivered with the usual flat tone.
-srbp-
