Wednesday, January 18, 2006

 

Ryans Cleary from the Independant Says " Flick the Switch" on the Upper Churchill

I couldn't agree more!

God help me if I lived and hunted in and around those transmission lines that are bleeding NL dry. I would be some tempted to take out a few of those insulators that are insulating Hydro Quebec from owning up to the injustices they have perpetrated against the people of NL.

The study done by the Harris centre discovered that the Hydro Quebec held 20% of NL hydro at the time of the negotiations for the Upper Churchill and sat in on the NL Hydro meetings in which NL Hydro revealed that they were on the verge of Bankruptcy if the Upper Churchill deal didn't go ahead.

NL Hydro has as apart of the original contract clauses for inflation but once Hydro Quebec through their conflict of interest by having controlling interests in both companies but more so Hydro Quebec used this information to renegotiate the contract removing the inflation clauses and extending the original contract for another 25 years.

Still haven't found a link for this report by the Harris centre but will keep looking.
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