Consumer Policy Institute warns of big rate hikes and pressure for taxpayer bailout. Continue reading Site C Risks ‘Death Spiral’ for BC Hydro, Says Watchdog
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
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
Government-owned utilities have a costly, longstanding habit they can’t seem to kick: megaprojects. Continue reading Government’s mega utility projects spell mega-ruin
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.
Canadian consumers and governments are straining to keep up with the costs of large electricity generating projects being constructed by publicly owned utilities.
Government-owned power utilities across Canada are pushing ahead with multi-billion dollar megaprojects, while undermining the regulators put in place to protect consumers from such reckless behaviour, according to a new analysis from the Consumer Policy Institute. Continue reading How megaprojects bankrupt public power utilities and leave regulators in the dark: report