Liberals release laundry list of solutions to mitigate post-Muskrat Falls power rates | CBC News
Boosting revenue, lowering costs and getting help from Ottawa
is how a Newfoundland and Labrador Liberal government in full campaign
mode says it plans to mitigate electricity rates once the Muskrat Falls
hydroelectric megaproject comes online.
is how a Newfoundland and Labrador Liberal government in full campaign
mode says it plans to mitigate electricity rates once the Muskrat Falls
hydroelectric megaproject comes online.
“Just image how much
better off we would be today if we had access to that revenue,” Premier
Dwight Ball said of the hundreds of millions that will be needed to pay
the Muskrat mortgage once payments begin in 2021.
The Liberal plan
to stabilize rates at 13.5 cents per kilowatt hour is counting on an
array of opportunities to manage what Ball described as “one of the
greatest challenges in our province’s history,” with more than $725
million in annual funding requirements to be accounted for.