Go immediately to The Common Sense Canadian and read Rafe Mair’s new article: Hydro Chief’s Leaked Comments Trash IPPs – What Will Clark Do Now?
“You could have blown me over with a feather when I read in the Weekend Sun excerpts of an internal conference call in which Dave Cobb, president of Hydro, condemns the government’s IPP policy. A recording of the call – which occurred August 12, on the heels of the recent panel report on the utility’s financial situation – was leaked to the paper. Cobb pulled no punches, detailing his concerns with the government’s exaggerated “self-sufficiency” and “insurance” requirements:
“‘If it doesn’t change, it would be hundreds of millions of dollars per year that we would be spending of our ratepayers’ money with no value in return,’ said Cobb.”
Wow. The wizards directing BC Hydro these last few years are revealed as naked and it was BC Hydro’s new CEO who pulled back the curtain. Explain your way out of this one BC Liberals.
Mr. Cobb needs to talk not of “hundreds of millions of dollars per year”, he needs to speak about the whole tab, 50 or so billions of dollars. Don’t miss my Friday article at Northern Insights: BC Hydro – ultimate comfort station for pretend capitalists.
By the way readers, when you go to The Common Sense Canadian, look for the donate button and contribute if you can.
Categories: BC Hydro