The 2041 panacea has giggling Tory newcomers and moaning incumbents giddy.
In 2041 all the pain will be gone right?
No in 2041 our children and grandchildren will be saddled with yet another mess from the Upper Churchill fiasco and if Dunderdale has her way another mess from the Lower Churchill.
The financial contract will be over in 2041 - that is the deal to sell power from CFLCo to Hydro Quebec at prices that cause us great pain - less than a cent.
CFLCo will still be owned - in part - by Hydro Quebec and they will carry on ownership of assets.
Further the water rights do not end in 2041 - rather in 2060 with an option to carry on for another 99 years up to 2159. We'll probably have power solved by then.
Please take the time to read the:
How about this one?
Renewal
2. Subject to all of the provisions of this Lease, the Government will on the written request of the Lessee made before the expiration of the term hereby created, if there shall not at the time of such request be any existing breach of the covenants, terms and conditions of this Lease on the part of the Lessee, grant to it a further lease of the rights and liberties leased and demised by this Lease for the further term of ninety-nine years from the expiration of the term created by this Lease subject to payment of the same royalty and containing the like covenants and conditions as are herein contained, except the covenant for renewal.
The Lessee is the CFLCo (1/3 owned by Hydro Quebec)
The Lessor is the People of Newfoundland and Labrador
Then there is Dean MacDonald - and his giveaway of further rights on the management side of CFLCo. We are buried for generations to come. Do not let this happen to the Lower Churchill. Stop the Emera deal!
3 comments:
Sue, right there is one reason not to trust the media of this province. After all, they should be the gatekeepers who prevent governments from exploiting us and our resources. Why has this not been made known in this election and why have they refused to ask the hard questions?
First they must read the documents in order to ask a question. That is the problem.Worse than the media our elected MHA's don't read legislation - clearly.
I totally agree that MHA's need to do their home work. It is sad that all of these PC candidates are toeing the party line at the expense of the province! That is one of the shameful aspects of party politics.
It is also another reason why we need electoral reform and the ability to be able to vote, via referendum, on something of such critical importance.
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