Ms. Williams is long-winded on every issue except an explanation as to why the public has been handed a bucket of bolts for their $15 billion. Why would the public now give her Crown Corporation one more cent when she has failed to demonstrate either Hydro’s competence or the right to be trusted?
Given that over 11 TWh of energy production from the full World Energy development, a notional fee of 1 c/KWh as a form of land rent, would generate $110M. Should the operation be turning profits as high as $2B USD, this level of rent should not be the least bit objectionable.
Williams’ public policy and private sector experience is limited; her former employer, Newfoundland Power, is a “regulated” entity. As such, it is not exposed to competition. When profit is effectively “awarded” by the PUB, “risk” is not a word that gets much exercise. Construction outcomes especially suffer within the paradigm of OPM (other people’s money).
Guest Post by Ron PenneyThe recent Speech from the Throne contained the following commitment: “(a plan) that will connect surplus clean power to regions...