To infinity and beyond

Has everyone seen the new publications this week. Graham and company released "Assessment of the rate Impacts of the Memorandum of Understanding Between New Brunswick and Quebec Regarding NB Power".. Wow long title. Check the top of page two. "Terminal value" means from year 30 to infinity. So rate payers will see 70% of the benefit over the first 30 years, and the remainder from year 30 to infinity. Wow that's a loooong time. They do explain it page 8, see item 12.

Also in the news, NB Power published 2008/2009 Combined Financial Statements. On page two, NB Power shows the companies liabilities. For 2008 it was $4.674B. Close to the selling price. For 2009 it has $5.190B. Up a 1/2 billion or so. What will it be on March 31, 2010, up another 1/2 billion?? That would put the selling price about a billion shy of the liabilities. Where are these dollars coming from.??

This financial statement is a completely different format from previous annual reports. I wonder if there is a regular annual report to foollow soon.?