"Minor Regulatory Noise" Expected for Emera

Please read the statement below and give me your opinion on the state of affairs in Newfoundland and Labrador. Talk about being seen as neutered - guess the Public Utilities Board has become a simple waste of money.

Investment thesis: "We view Emera's largely visible capital plan positively in the current interest rate environment allowing for a stock re-rating. Electricity transmission focused endeavours, in particular related to the Nalcor projects, in our view, are the key drivers for the stock in the future. Finally, we expect a minor (yet manageable) amount of regulatory noise mainly in Nova Scotia."

(emphasis added)

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This is nothing more than a get rich quick for select investors and contractors and will do nothing but cost the people of Newfoundland and Labrador. It would be very difficult to imagine a deal worse than this one.