Manitoba hydro troubles will bolster pallister’s case for austerity – winnipeg free press gas and water llc

Ultimately, Riley said Hydro had elected to proceed with both projects because the cost of delaying or cancelling them — estimated at more than $7 billion — was too great. There was nothing entirely new in Riley’s argument; there have been concerns expressed for several years that the former NDP government’s decision to proceed with concurrent construction of the transmission line and dam was a risky strategy. Gas questions Many critics begged former premier Greg Selinger to consider a cheaper route for Bipole and mothballing plans for Keeyask. Gas leak He declined, and Hydro’s debt levels were referenced by an international debt-rating agency when it downgraded the province’s credit rating in 2015.

Riley said Hydro debt levels — which are expected to double to $25 billion over the next several years as work on Bipole III and Keeyask are completed — and declining equity leave the utility in a precarious position. Gas or electricity for heating Given the fact Hydro borrows money on the credit rating of the province, there is a point at which rising debt at the utility could prompt a further downgrade to Manitoba’s credit rating. Electricity production in north korea That would make it more expensive for the province to borrow money. As is always the case with Hydro, there are a lot of “ifs” attached to that scenario.

Gas prices The biggest of the ifs is a drought event that lowers lake and river levels and reduces the output from generating stations. Electricity distribution companies In that scenario, Hydro would simply not have the financial resources to acquire electricity from elsewhere to meet its domestic and export commitments, nor service its debt.

Gaz 67 dakar That is a doomsday scenario but it was fair for Riley to introduce it into the discussion. However, while there was lots of criticism for how things were handled in the past, there was little in the way of clear advice on what should have been done differently given that both the transmission line and dam were, in Riley’s words, necessary to meet Manitoba’s current and future energy needs. The Bipole III project is primarily designed to give Hydro more options for bringing northern hydroelectricity to southern Manitoba and export customers farther south.

Gas in dogs symptoms The two existing transmission lines run down through the Interlake and if a severe weather event were to knock them out of commission, much of the province could be deprived of electricity. 76 gas station hours Riley did not dispute the fact that Bipole III needed to be built, and sooner rather than later. Riley’s dispute with the NDP was making a political decision to abandon a shorter, less costly route for the transmission line down the east side of Lake Winnipeg. Gas dryer vs electric dryer Fearing protests from environmentalists concerned about the impact an east-side route would have on the pristine forests, former premier Gary Doer directed Hydro to focus on a route down the west side of Lake Manitoba.

Static electricity in the body That decision, according to figures provided Wednesday, cost Hydro an additional $900 million on a $4.6-billion project. Those who argue that is a waste of money have a good point. Electricity use estimator However, that one decision alone would not have created a future debt crisis. 8 gas laws That falls to Keeyask.

Riley does not dispute the fact Keeyask will be needed to meet future domestic electricity demand. Gaz 67b for sale Or that Keeyask has firm export contracts that are worth $4.5 billion, money that will ultimately help ease debt to equity.

Electricity in india However, with aggressive demand-side management and other mitigating programs, he argued it might have been possible to push back construction of Keeyask until Hydro had cleared some of the debt from Bipole III. Again, Riley makes a good point and one that will likely haunt the former NDP government for some time. Gas water heater reviews 2013 Selinger and others were warned that Hydro’s capital program was too much, too soon. Gas and bloating after every meal He disagreed, believing that the economy would recover to a level that the provincial budget would be balanced and the increased Hydro debt would not be a drag on the province’s credit rating.

Electricity in water pipes History clearly shows that, to date, Selinger was profoundly wrong. This has been an unprecedented week of reports and studies, all revealing the deepest weaknesses in the NDP government’s ability to manage finances.

Shale gas in spanish From concerns about accountability and oversight in the First Nation partnership agreements that are part of Keeyask, to its management of the construction of the all-season road up the east side of Lake Winnipeg, news media have been carpet bombed with damning indictments of the NDP’s shortcomings. Tgask The former government deserves all the criticism it is getting now. At the same time, Pallister has been sending out signals that he is preparing to invoke austerity measures to address what he is framing as a burgeoning fiscal crisis.

Electricity and magnetism connect to form Riley’s analysis will provide Pallister with a potent tool to justify cuts to spending that just a few months ago he argued would not be necessary. Pallister will claim he did not know the full extent of the mess at Hydro when he made his pledge to protect front-line services and only slow — not cut — government spending. Physics c electricity and magnetism formula sheet In fact, there was little said on Wednesday that was not well known before the election.

935 gas block Over the past several years, the Public Utilities Board in particular went to some lengths to point out that Hydro was playing a risky game with unprecedented capital spending in an energy market that was producing historically low prices for electricity. It is becoming increasingly clear that Pallister is looking for an opportunity to cut deeper than originally promised. Gas zone pricing The Hydro report this week certainly helps him in that pursuit. Site: http://www.winnipegfreepress.com/local/manitoba-hydro-troubles-will-bolster-pallisters-case-for-austerity-394350081.html