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Rate expectations

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15.02.2020

On Feb. 10, Premier Dwight Ball held a flashy news conference to say not very much about how the provincial government was going to keep electrical rates from rising dramatically.

Just about the only thing he did says was to repeat his mantra that rates will somehow not rise — that the Muskrat Falls chickens, huge chickens that they are, won’t be coming home to roost. (You can’t help but wonder if Premier Ball believes that if he says it often enough, it will simply come true.)

On Feb. 12, two days later, energy giant Fortis didn’t hold a news conference to release its annual information report to shareholders, outlining what it sees ahead in the next year for its subsidiaries.

Newfoundland Power used to be Fortis’ main asset — it isn’t anymore. A company that began here now is far, far more than this province’s main........

© The Guardian