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EN
We’re heading toward another Churchill Falls disaster, and we’ve been warned
['Lori Lee Oates', 'Fraser Brown', 'Dean Bavington', 'Kassandra Drodge']
The Independent
The original Churchill Falls agreement is the stuff of legend in provincial politics, famous for its failure to secure an escalating price agreement, and for its 40-year length, with an automatic renewal for another 25 years.
On Jan. 27 the province announced that, joining Browne on the Independent Churchill River Oversight Panel’s (ICROP), were power industry consultant Douglas Bowman, and chartered accountant Michael Wilson, an entrepreneur and former Ernst & Young executive.
Wilson also questions the justification for selling existing Churchill Falls power to Hydro-Québec “at a ‘price’ at least 50% lower than the current replacement ‘cost.’” Again, the process of valuation is unclear.
It’s precisely because wind, solar, and batteries (renewables) are coming on strong that the rest of Canada, and the United States, needs hydroelectricity that could be produced on the Churchill River.
The first Churchill Falls deal?
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