Tag Archives: Consumer Policy Institute

Provincial finances are worse than they look as politicians hide their megaproject boondoggles

Political leaders are determined to bury the risk of pet megaprojects. Continue reading Provincial finances are worse than they look as politicians hide their megaproject boondoggles

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It’s the end of energy regulation in Ontario as we know it

The price consumers pay for power is now a political decision, rather than an economic one Continue reading It’s the end of energy regulation in Ontario as we know it

Auditor General rips into the Fair Hydro Plan

Ontario’s Auditor General said the Fair Hydro Plan raises rates in the long-run, contravenes the province’s accounting standards and further erodes the independence of the Ontario Energy Board. Continue reading Auditor General rips into the Fair Hydro Plan

Key project at Darlington nuclear facility hundreds of millions over budget, delayed

A Global News investigation has uncovered a single component of the Darlington nuclear project could cost half a billion dollars, four-times initial estimates. Auditors say project “plagued” by problems. Continue reading Key project at Darlington nuclear facility hundreds of millions over budget, delayed

Another megaproject pushing public utilities to the brink

Nalcor’s Muskrat Falls hydro project will cost more than double original estimates, is years behind schedule and will impose triple-digit rate increases on electricity customers when it starts producing power. Continue reading Another megaproject pushing public utilities to the brink

Megaprojects like Site C bankrupt power utilities

The Site C dam exhibits many of the same traits afflicting other megaprojects: an undermining of the regulatory system, accounting tricks that mask the real cost of the project and an explicit guarantee of a taxpayer bailout.

Continue reading Megaprojects like Site C bankrupt power utilities

Canada’s $43B tab for hydro, nuke projects puts strain on utilities, consumers

Canadian consumers and governments are straining to keep up with the costs of large electricity generating projects being constructed by publicly owned utilities.

Continue reading Canada’s $43B tab for hydro, nuke projects puts strain on utilities, consumers