Oh My, Where to start?

The new deal? Wow. A whole two pages. I guess Graham didn't want us getting confused and emotional like the last time. Keep it simple for us this time. Less information to digest and analyze and ultimately rip apart and criticize. Thanks Graham, for trying to be thoughtful, but no thanks. Your lolli pop sucks. Ha Ha. I thought it was funny.

I don't think much has really changed from the original MOU. Except that it is even better for Quebec. Charest already stated that fact. It still uses up their 8.5 TW surplus, and they saved $1.5 Billion in the process. NB gives up all it's clean sources of generation, which will provide over 50% in the provinces needs, and will pay $1 Billion per year to buy it back. In three years Quebec makes it's money back. It looks like the transmission rights have been given up in a long term lease. The power plants are still on a tolling agreement, so there is no control over them either.

It doesn't seem like much control was kept.

Are we going to get the fine print to review before you sign this Graham, or is this another done deal like the last one?

Lets take a look at the 7.35 cents per kw hour part of the deal. My residential bill averages around 9.5 cents per kw hr. So seems fair that the remaining portions of NB Power can make a decent profit and pay for their transmission and distribution costs.

But how about those industrials. I tried to find the industrial rates on the NB Power site, but could not. I was quite sure they were there before, but I cannot seem to find them now. Plus the Sustainability report is missing form the website. It has numbers that give an overall average rate paid by industrial customers.
http://www.nbpower.com/html/en/about/publications/annual/sustainability.html

But in any case, I have a paper copy somewhere I save. I beleive the rate was around 6 cents per kw hour. Right there, that should ring some bells. NB Power is now forced to buy power at a rate more expensive than it is to sell it. On top of that, it has to give a 23% rate reduction, that will bring the cost for industrials down to 5.2 cents kw hr???

That is quite a subsidy that us poor residentials will be forced to pay.

And on top of that, some days they could make money doing nothing.

Check out the rate that is paid on the open market in New England/Maine. They could just tell NB Power to buy it there, and sell that to it's customers. Meanwhile they will just kep the water in the headponds in Quebec for a "rainy" day.

http://www.iso-ne.com/markets/hrly_data/hourlyLMP.do

As I write this, the price is 4.2 cents per kw hour. That would be about a 43% markup. And they didn't supply anything. Graham, why can't NB Power do that by themselves?

Ahhh, i just puked on my keyboard. This stuff makes me sick.
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