tag:blogger.com,1999:blog-11333084.post8755811692031737785..comments2023-09-12T12:07:08.126-02:30Comments on Web Talk - Newfoundland and Labrador: Selling NB Power would be short-sightedPatriothttp://www.blogger.com/profile/17364831921954903098noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11333084.post-76536256885358350392009-11-05T10:37:05.229-03:302009-11-05T10:37:05.229-03:30From a U.S. paper in Maine today:
New England ene...From a U.S. paper in Maine today:<br /><br />New England energy prices are set at the level of the most expensive supply needed to meet total consumer demand. A single, major supplier may be able to manipulate the market. Hydro Quebec could get such market power from its New Brunswick purchase.<br /><br />That is the reality of the deregulated generation market. The belief that Hydro Quebec will sell cheap power to Maine is outmoded. If Canadian provinces have lower rates than Maine, they may result from their governments' subsidies not offered to Americans.<br /><br />The outcome of the Hydro Quebec march across the Maritimes could be determined in Washington. The Federal Energy Regulatory Commission is likely to be asked to look at Hydro Quebec's market power. If the regulator finds that is has too much market clout, it can deny it the right to set its own market price.<br /><br />One solution that might give some comfort to the locked-in Canadian provinces and New England customers would be to give Newfoundland-Labrador and Nova Scotia the right to dedicated transmission corridors at decent rates. That could solve their problems while reducing Hydro Quebec's transmission monopoly.Patriothttps://www.blogger.com/profile/17364831921954903098noreply@blogger.comtag:blogger.com,1999:blog-11333084.post-78582990383828872082009-11-05T09:43:51.078-03:302009-11-05T09:43:51.078-03:30Major corporations, unlike smaller companies, don&...Major corporations, unlike smaller companies, don't plan 5 or 10 years out, they plan 25 or 30 years in advance. We've seen it in NL with companies like Exon-Mobil and offshore development.<br /><br />The Upper Churchill contract will expire in 31 years meaning negotiations will happen between Quebec Hydro and Newfoundland & Labrador 5 or 6 years before that.<br /><br />Some believe this is an attempt to block Lower Churchill development. While that may play a part in this that development may or may never go ahead. I believe instead, along with other benefits, it is actually pre-planning for the Upper Churchill that is on the minds of the executive of Quebec Hydro and Shawn Graham is helping them in their efforts to once again rape our resources.Anonymousnoreply@blogger.com