29 Oct Hydro Quebecwick unveiled
Premiers Shawn Graham (NB) and Jean Charest (QC) have unveiled the details of the Hydro Quebecwick deal. Quebec gets a monopoly on eastern Canadian access to US power customers; New Brunswick gets a mess of short term pottage and some debt relief, but gets to keep two white elephant dirty coal power plants. This may one day turn out to be as big a fleecing as the one Quebec gave Joey Smallwood 40 years ago.
It’s hard not to see this as a dark day for the rest of Atlantic Canada. Bye bye, Green Grid, a critical element in developing promising renewable but intermittent local Maritime energy sources like wind and tidal. Bye bye, fair access to US electricity markets, an equally critical element in developing those resources.
David Wheeler take note: This is very bad news for anyone anxious for action on climate change in Atlantic Canada. Considering he was blindsided, Premier Darrell Dexter’s response has been appropriately dignified, but make no mistake: this presents his administration with a huge challenge. Like Newfoundland, Nova Scotia’s influence on the national stage has reached such a low ebb that hardly anyone there will give it a thought.
See also: News release. MOU. MOU summary. (All are PDFs.)