UARB approval underlines how much PUB examination was needed
NDP Leader Lorraine Michael (MHA, Signal Hill-Quidi Vidi) says the Maritime Link portion of the Muskrat Falls megaproject is a perfect example of why the provincial government should have allowed the Public Utilities Board to scrutinize the entire project before committing billions of public dollars to it.
“The new deal is great for Nova Scotia,” she said. “That province’s Utilities and Review Board did its job and demanded a fair deal for Nova Scotia’s consumers. Nalcor had little choice but to accede to the conditions placed on the deal by the UARB because it needs the federal loan guarantee. An independent analysis by the PUB would presumably have identified issues ahead of time.”
The UARB attached several conditions to its approval of the project, including an insistence that Nova Scotia Power Maritime Link Corporation obtain from Nalcor the right to access more power when needed to economically serve Nova Scotia Power and its ratepayers, or provide some other arrangement to ensure access to market-priced energy.
Newfoundland and Labrador consumers are paying to build the project because Nalcor is a crown corporation, said Michael, and they will pay much higher electricity rates as well when Muskrat Falls power moves into the marketplace.
“The people of this province are paying for this project so that Nova Scotians can have cheaper electricity,” said Michael. “That’s being a good neighbor, maybe, but it’s not watching out for your own consumers.”