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
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