They’re not “Tories,” dammit – updated x 2
Tories knock off Bloc in eastern Quebec - Gazette Tories, NDP make gains in by-elections - Star Tories retake former Nova Scotia stronghold - Globe and Mail Byelection win will boost Tories in Quebec: MP - CBC This is likely a losing battle, but could the national press corp please stop calling the Harper Conservatives "Tories?" The Conservative Party of Canada is not simply a renamed Progressive Conservative Party. It was borne of a hostile takeover by the Reform Party, thinly disguised as a merry merger. Headline writers need short substitutes for party names — Grits, NDP, Bloc, etc. — but that's no excuse for...
10 November, 2009
Lurking behind Nova Scotia Power's increasingly frantic efforts to find renewable sources of electrical generation is the threat of a crushing $500,000-a-day fine should it fail to meet legislated targets for 2010. That works out to $183 million per year—half again what NSP earned its shareholders in 2008.
For better or for worse, the threat is symbolic, not real.
Under the Electricity Act, a set of regulations known as the Renewable Energy Standards (RES) requires NSP to purchase at least five percent of its 2010 energy supply from renewable sources owned by third parties and built after 2001. The RES requirement increases to 10 percent in 2013, but may include generation from both third party and NSPI facilities. The Climate Change Action Plan, released last January, would have increased this to 25 percent by 2020, but a little noticed NDP campaign promise trumps that provision, moving the 25 percent deadline up to 2015.
RES regulations stipulate "a daily penalty of no more than $500,000" for failure to comply.