Despite
finding itself in its most dire financial situation since the
depression, this issue has largely been ignored in the current federal
election.

Within
two years, the taxpayers of Newfoundland will have to start paying
interest on the Muskrat Falls debt — both the $8 billion financed by the
federal government — and the $4 billion financed by the province
itself. This bill will be approximately $750 million a year, and will
last for generations.

Under the original design for the project,
this bill was to be paid by ratepayers. That is, anyone who currently
pays a hydro bill.

In order to cover this bill, electricity prices will have to double.