"It is essential to the provincial economy that we maintain our relative competitiveness in energy pricing. Our options are now more limited with respect to new sources of competitively-priced generation to service Island requirements. With a relatively low growth forecast, we expect to meet the future energy requirements through a combination of small hydro developments and thermal power. Should differing circumstances emerge with respect to new capacity requirements, the challenge to maintain competitive electricity prices will increase. Of particular significance in the future for the Island portion of the province is whether natural gas may become an energy source for power generation."
The above quote is from none other than Dean MacDonald as Chair of Hydro in 1999.
This - of course - follows the 1990 forecasts where Hydro was wrong by predicting strong growth.
In 1999 after correcting for the errors of 1990 - they predicted a low growth - which according to Hydro today would have been wrong again.
So in 1999 Dean says low growth - but in the event they are wrong - look to natural gas.
So then in 2010 after apparently Hydro was wrong again - now we need power again.
All of these statements are factual and real. If history serves us right - we should expect the exact opposite to occur with respect to load growth and power needs.
So Dean wants us to rely on the Hydro experts - who failed him directly in the past.
Again I ask about the personal portfolios of interested parties who support this Muskrat deal.
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