Suncor and NextEra now bedfellows for Cedar Point wind project

Suncor Bullynext.JPGThe Independant
Suncor Energy is teaming up with wind energy giant NextEra to build its Cedar Point project in Plympton-Wyoming and Lambton Shores. Jason Vaillant says the companies have formed a limited 50-50 partnership with the “skilled and experienced operator.” Suncor has been working on the Cedar Point project for years. The company has received approval from the Ministry of the Environment for 43 turbines in the region. That approval was challenged by local residents at an Environmental Review Tribunal hearing recently. A decision is expected in a matter of days.

NextEra has several wind projects in the area, including the massive 92-turbine Jericho project. The two projects are next to each other and that means they can share resources, according to Vaillant. “The transmission lines combined into one single line instead of two,” he says. “That will minimize the overhead lines…We’ll be taking advantage of the infrastructure that is already there…We don’t have to do any construction on the second line.” He adds that will be “less intrusive” on the landscape. Read article


 Appeal Rejected

The Independent
Suncor Energy and NextEra can move ahead with the Cedar Point Wind Centre in Plympton-Wyoming and Lambton Shores.

The Environmental Review Tribunal released its decision on the appeal of the 46- turbine project near Camlachie and it has rejected all the arguments against the project.

The County of Lambton appeal arguing some of the utility poles on Thompson Line in Lambton Shores were too close to the road and could lead to death if there were an accident. The tribunal found while an accident could happen, the traffic along the roadway is very low and dismissed the county’s argument. Read article

51 thoughts on “Suncor and NextEra now bedfellows for Cedar Point wind project

  1. Wise for the county to have a court order making the county allow the poles in question to be installed. Otherwise, the ratepayers will have to pay any settlements resulting from pole collisions.

    Lets the developer off the hook and shifts the costs on to the ratepayers.

  2. U.S.SEC, Pattern Energy Group Inc, Form 10-K, Filed 2015-03-02

    Canadian project information;

    Pp. 55-57
    South Kent and Grand projects turbine capacities were down-graded to facilitate permitting compliance.

    Scroll down to:
    Pp. S-6 to the end of this report.

    S-11, Revenues in thousands of dollars Canadian
    Energy delivered, $72,633
    Compensation for forgone energy, $10,749

    S-26
    Power Purchase Agreement/PPA: $0.146/MWh and 20% of the price to be added 2015 and each year thereafter.

    Grand project records are also included.

    http://www.sec.gov/edgar/searchedgar/companysearch.html

    Enter: Pattern Energy Group and follow the links to the Form 10-K

    For South Kent the forgone energy amount is now available.

    Change from 10% to 20% added, 2015 forward for this project?

    No direct link to this information.

    • U.S.SEC, Pattern Energy Group, Form 10-K, filed 2014-02-28

      Partnership with Samsung

      Acquired for $79.5 million

      Scroll down to:
      P.S-22
      Partnership entered PPA with OPA on Aug.2, 2011 for 270 MW 20 yrs COD

      Electrical output from the project is sold at an electricity price equal to $135/MWh base as of Sept.30,2009 with 80% price and 20% escalating at the CPI.

      No change from the 10% to 20% but change in base price from 2013-2014.

      http://www.sec.gov/edgar/searchedgar/companysearch.html

      Should be $0.135 compared to $0.146 from 2013 to 2014?

      • Hey Barbara,

        you say,
        ‘Canadian tax policies have made it possible to develop secondary financial markets for renewable energy developers.’

        That makes no sense.

        ———————————————————————————-

        Dalton McGuinty’s fantasy [Canadian] job;
        and no WTO – cha cha cha.

        ‘[excerpt] Additional steps must be taken to ensure that the listed company does not fall under U.S. securities law. For instance, a Canadian holding company must be used, Canadian directors are required, and the stock certificates must contain a legend that they are not intended to be sold to U.S. investors….]’

        Buyer beware!

      • Companies can pass thru their tax “advantages” to new groups of investors and this makes it possible to develop secondary markets.

        A knowledge of tax rules and regulations is needed to follow how this is done. It’s complicated.

      • Accounting Methods:

        U.S. uses GAAP/Generally Accepted Accounting Principles which mostly values assets at their original cost.

        Canada uses IFRS/International Financial Reporting Standards which attempts to harmonize accounting treatments around the world. IFERS allows wider latitude to determine the fair value of assets.

        For Consolidated Financial Statements;

        GAPP requires 80% ownership of a subsidiary to consolidate financial records.

        IFRS allows less than 80% to use consolidated.

        U.S.SEC financial records use GAAP.

        Example:

        Own a business building in U.S. use GAPP at original cost for financial records.

        Canada allows wider valuation so building value could be increased for financial reporting.

        These are accounting methods and not tax rules and regulations which are a different issue.

      • CIBC Mellon

        Canada changed from GAAP to IFRs for financial reporting.

        “The new standards also significantly reduce the burden of disclosure requirements. Private enterprises are required to adopt ASPE or IFRs for fiscal years beginning on or after January 1, 2011.”

        http://www.cibcmellon.com/Contents/en_CA/English/KnowledgeLeadership/KL201104_IFRS.html

        Public will have less financial information provided by companies than they had prior to this adoption.

        This was not done by government action but by the accounting profession.

        GAAP in the U.S. also by the accounting professionals.

        ——————————————————————-

        Canada Revenue Agency/CRA

        All references to GAAP in CRA documents or tax legislation can be interpreted as IFRs for for those entities that report under IFRs.

        http://www.cra-arc.gc.ca/tx/bsnss/tpcs/frs/mpct-eng.html

        Financial information about renewable energy companies more difficult to obtain under IFRs.

  3. Hey Barbara,

    Again:

    You commented on:
    Canadian tax policies

    you say,
    ‘Canadian tax policies have made it possible to develop secondary financial markets for renewable energy developers.’

    That makes no sense.

    p.s. Is this an attack on conservatives @ the federal level?

    • The U.S. has done the same thing with its renewable energy tax policies on the state and federal levels.

      • Hey Barbara,

        Oh I get it!

        So you are saying,

        U.S. leadership = Obama and his EPA bureaucrats…..
        ……are the same as Harper Conservatives.

        Or maybe – you are joking?
        Nope – you are not joking.

        How do you feel about the Liberals?

      • This began way before Obama with the U.S. Production Tax Credits and states providing tax breaks for renewable energy developers.

        —————————————————————————

        Wikipedia, IASB/International Accounting Standards Board

        Founded April 1, 2001 in the U.S.

        http://en.wikipedia.org/wiki/International_Accounting_Standards_Board

        Then there is the IFRS Foundation.

      • Information issue:

        Under the IFRs accounting methods, not as much detailed financial information has to be disclosed to the public. Makes it more difficult to get financial information.

        Tax Issues:

        Renewable developers can accumulate enough tax breaks so they don’t have to pay income taxes.

        Tax break money can be passed through to new investors thru things like yieldcos. Develops secondary market as these yieldcos can be traded something like stocks are traded.

        Developer takes the yieldco money and develops more renewables and accumulates more tax breaks to sell more yieldcos. The question is when does this cycle end?

      • U.S. SEC Form 10-K, filed 2015-02-20

        NextEra Energy Partners

        P.33.
        NEP expects to generate NOLs (Net Operating Losses) and NOL carry forwards to offset future taxable income as a result NEP doesn’t expect to pay meaningful U.S. income taxes for about the next 15 years.

        http://www.sec.gov

        Search Edgar and enter NextEra Energy Partners.

        NextEra Energy Partners now includes the renewables portfolio.

  4. Breaking!

    OPP Association head office in Barrie raided
    Monday, March 9, 2015

    RCMP officers raided the Ontario Provincial Police Association (OPPA) headquarters in Barrie, Friday.

    The Mounties executed 13 search warrants from the Superior Court of Justice in Toronto at the OPP’s union office on Ferris Lane at 8:30 a.m., pertaining directly to the offices of president and CEO Jim Christie, vice-president Martin Bain and CAO Karl Walsh.

    Christie and Bain have taken voluntary leaves of absence from the OPPA, and Walsh has been placed on administrative leave by the association’s board of directors.

    “No, be sure that it has nothing to do with the Ontario Provincial Police Corporation or the Ontario Provincial Police Association,” said Const. Jean Juneau, a spokesman with the RCMP. “It has nothing to do with either of them. It’s individuals within.”

    Juneau said the search warrants have been sealed so the national police service will not be discussing the details prior to the investigation’s completion.

    Juneau could not comment on the type of investigation, but did say no charges have been laid.

    “We have opened an investigation right now and (will) try to find out, with the search warrants, if there’s any validity in the complaint we received,” Juneau said.

    No information was provided about who lodged the complaint.

    “This investigation is just starting for us, but I don’t remember having any officer saying who we got a complaint from because it would affect the investigation. Repercussions could be going towards that individual,” Juneau said. “That’s why we never, never, discuss any information on who we got the complaint from.”

    Juneau said that he believes the investigation started earlier this year, but couldn’t go further until the search warrants were executed.

    According to an OPPA official, leaves of absence should not be considered admissions of guilt or implications of wrongdoing or liability.

    The OPPA’s Josh Jutras said no additional information was being released and would not comment further on the RCMP investigation.

    Acting president Doug Lewis, acting vice-president Todd Provost and the board of directors will continue the OPPA’s day-to-day operations.

    Walsh was the provincial Liberal candidate for the Barrie riding in the 2011 Ontario election, losing to Tory Rod Jackson. At the time, Walsh had been a police officer for 14 years and served in the Canadian Forces for 14 years. He had led the OPPA as president for two terms.

    The OPPA celebrated its 60 years of service last October, Jutras said. The police union represents approximately 6,200 uniformed members, as well as 3,600 civilian staff.

    OPP Sgt. Peter Leon said he was aware of RCMP investigation, but had no further comment.
    http://www.thebarrieexaminer.com/2015/03/09/opp-association-head-office-raided

  5. History repeats – with some of the same players
    Brookfield Asset Management – brings experience

    ———————————————————————————-

    ONTARIO
    Honourable Howard I. Wetston, Q.C.

    Chair, Ontario Securities Commission

    Howard I. Wetston was appointed Chair and CEO of the Ontario Securities Commission (OSC) on November 15, 2010.

    Mr. Wetston was the Chair and CEO of the Ontario Energy Board from 2003 until his appointment to the OSC. From 1999 to 2003, he served as a Vice-Chair of the OSC.

    From 1993 to 1999, Mr. Wetston served as a Judge of the Federal Court of Canada, Trial Division, and an ex-officio member of the Federal Court’s Appeal Division. From 1989 to 1993, he was the Director of Investigation and Research (now Commissioner of Competition) with the Bureau of Competition Policy.

    Previously, Mr. Wetston was in private practice in Ottawa, associated with the firms of Burnet, Duckworth & Palmer in Calgary and Phillips & Vineberg in Montreal. Before entering private practice, he served as General Counsel to the Canadian Transport Commission and as Associate General Counsel to the National Energy Board. Prior to that, Mr. Wetston was the General Counsel to the Consumers Association of Canada. In addition, he was a member of the federal Department of Justice as Crown Counsel and Crown Counsel in the Nova Scotia Attorney General’s Department.

    Mr. Wetston was educated at Mount Allison University (B.Sc.) and Dalhousie University (LLB). He was appointed Queen’s Counsel (Q.C.) in 1990 and is a member of the Ontario and Alberta Bars. In 2005, he graduated from the Certified Directors Education Program of the Institute of Corporate Directors (ICD).

    Mr. Wetston is a member of the Board of Directors of Mount Sinai Hospital in Toronto.
    https://www.securities-administrators.ca/aboutcsa.aspx?id=80

    • May 12, 2008

      FOR IMMEDIATE RELEASE

      The Honourable Howard I. Wetston, Q.C.
      was re-appointed for a second five-year term as Chair and CEO of the Ontario Energy Board (the Board), effective June 30,2008. He was initially appointed Chair of the Board on June 30, 2003.
      http://www.ontarioenergyboard.ca/OEB/_Documents/Press+Releases/press_release_re-appointment_chair_20080512.pdf

      —————————————————————————————————-

      Fast Forward

      ‘[excerpt] Remarks by Howard Wetston Chair, Ontario Securities Commission Private Capital Markets Association Annual Conference June 2, 2014

      Below is the text of this speech for those who could not attend.’
      http://www.briankoscak.com/remarks-howard-wetston-chair-ontario-securities-commission-private-capital-markets-association-annual-conference-june-2-2014/

    • Dalhousie University

      Howard Wetston
      October 2013 Honorary Degree Recipient
      Doctor of Laws (honoris causa)

      ‘[excerpt] It was the top business news story of the day: Would Maple Group, a consortium of Canadian financial interests including banks and pension funds, successfully take over the TMX Group, which includes the Toronto Stock Exchange, positioning the TMX to better compete internationally? It was a proposal that would create a vertically integrated exchange, providing trading, clearing, settlement and depository services for a range of financial instruments traded in Canada. Not only was it on the cutting edge of regulatory challenges internationally, it would also transform the regulatory landscape of Canadian capital markets.

      Charged with ensuring that Canadian investors, shareholders, corporations and citizens would be well-served by the merger was the Ontario Securities Commission, or OSC, the Honourable Howard I. Wetston, Q.C. at its helm. Over the course of 2011 and 2012, under Mr. Wetston’s leadership, the OSC conducted an extensive review and consultation on Maple Group’s application to acquire TMX Group Inc., before giving the deal its stamp of approval—along with a list of terms and conditions to ensure that public interests were protected.

      Mr. Wetston’s resume is impressive: Chair and CEO of the Ontario Securities Commission. Chair and CEO of the Ontario Energy Board. Federal Court of Canada Judge. Commissioner of what is now the Competition Bureau. General Counsel at the Canadian Transport Commission and the Consumers’ Association of Canada. Assistant General Counsel at the National Energy Board. Crown Counsel in Nova Scotia and at the federal Department of Justice.

      He was appointed Chair and CEO of the Ontario Securities Commission in 2010. His three-year term was recently extended for another two years to allow him to finish implementing the OSC’s first publicly documented strategic plan since its creation as a self-funded Crown corporation, restructuring the OSC’s operations and senior management team to build a 21st-century regulator.

      Before joining the OSC, Mr. Wetston served as Chair and CEO of the Ontario Energy Board, leading the OEB through a period of tremendous political and market flux as the Board transitioned from a public utility model to a hybrid public/private sector model, and streamlining Ontario’s energy regulations. He made the OEB both more accountable and more transparent.’
      http://www.dal.ca/academics/convocation/ceremonies/honorary_degree_recipients/hon_degre_2013/howard_wetston.html

      Oh yeah – I’m having toast – for breakfast!

  6. Questions

    January 31, 2012

    Jennifer Thompson
    Accounting Bureau Chief
    Securities and Exchange Commission
    100 F Street NE
    Washington, D.C. 20549-3561
    Mail Stop 3561

    Brookfield Infrastructure Partners L.P.
    Form 20-F for the Fiscal Year Ended December 31, 2010
    Filed April 26, 2011
    File No. 001-33632

    Dear Ms. Thompson:

    Enclosed for filing with the Securities and Exchange Commission (the “SEC”) on behalf of Brookfield Infrastructure Partners L.P. (the “Partnership”) is the Partnership’s response to your letter dated December 30, 2011. The Staff’s letter set forth specific comments (the “Comments”) regarding the Partnership’s Annual Report on Form 20-F for the fiscal year ended December 31, 2010 (the “Form 20-F”).

    Set forth below are the Partnership’s responses to the Comments, which the Partnership has requested the undersigned submit to you on its behalf. For purposes of facilitating the Staff’s review of the Partnership’s responses to the Comments, the original comments are included at the beginning of each response.

    As noted below in our response, the Partnership has supplied the requested clarification or agreed to change or supplement the disclosures in its future filings, as the case may be. The Partnership’s agreement to change or supplement the disclosures in its filings is undertaken to cooperate fully with the Staff and to enhance the overall disclosure in its filings, and not because the Partnership believes its prior filings are materially deficient or inaccurate. Accordingly, any changes implemented in future filings should not be taken as an admission that prior disclosures were in any way deficient or inaccurate.

    http://www.sec.gov/Archives/edgar/data/1406234/000110465912005613/filename1.htm

  7. They say they want – ideas!

    ‘[excerpt] The National Conference is the Canadian newspaper industry’s largest annual gathering, attracting hundreds of top-level newspaper representatives from across Canada. The conference is attended by newspaper publishers, corporate media chain executives, and senior management, including editors-in-chief, advertising and marketing directors, circulation directors and heads of digital and multimedia. Industry suppliers participating as sponsors and trade show exhibitors will have access to the decision-makers from hundreds of daily and community newspapers.

    Wanted: Ideas!
    http://www.newspaperscanada.ca/conference/2015

  8. UPDATED: CBC NEWS
    Diane Finley breached conflict rules, federal ethics watchdog rules
    Federal cabinet minister gave Markham, Ont.-based community centre ‘preferential treatment’: Mary Dawson

    By Kady O’Malley, CBC News Posted: Mar 10, 2015
    Last Updated: 8:04 PM ET

    ‘[subtitles]
    PM defends Finley
    ‘Clearly received preferential treatment’
    Ministers intervened
    PMO chief of staff ‘pulled aside’ by Finley
    Finley asked staff to ensure proposal got ‘fair shake’
    ‘Contradictory evidence’ delayed investigation

    http://www.cbc.ca/news/politics/diane-finley-breached-conflict-rules-federal-ethics-watchdog-rules-1.2988913

    • Another instance where so much of the people’s money has been removed from them via excessive taxation that they have to go to government and beg to get some of their money back to provide for an essential need.

      Rural Ontarians have also asked for a fair shake too.

      More nitpicking by the MSM.

      • Department of Finance
        Canada

        In 2015-16, provinces and territories will receive $68 billion through major transfers – an increase of $3 billion from the previous year.

        In 2014-15, provinces and territories will receive $65 billion in major transfers – an increase of $23.1 billion since 2005-06. These transfers are estimated to account for 19 percent of provincial and territorial revenues in that year.

        ———————————————————————————–

        Federal Support to Ontario

        In 2015-16, the Government of Ontario will receive $20.4 billion through major transfers – an increase of $9.6 billion from 2005-06.

        In 2014-15, the Government of Ontario will receive $19.2 billion in major transfers, accounting for 16 percent of its revenues in that year.
        http://www.fin.gc.ca/fedprov/mtp-eng.asp

        ————————————————————————————

        Maple Leaf Sports & Entertainment
        Critics say Liberals shouldn’t be giving money to Drake, MLSE
        http://www.cbc.ca/news/canada/toronto/critics-say-liberals-shouldn-t-be-giving-money-to-drake-mlse-1.2584231

  9. Everyone’s sister!

    ‘[excerpt] The mission will travel to Nanjing, which is in Ontario’s sister province Jiangsu, as well as Shanghai and Beijing. It will showcase Ontario’s expertise in the sectors of clean tech and science and technology to help our businesses tap into new markets and create more jobs across the province.
    http://www.premier.gov.on.ca/en/bio

    ————————————————————————————————————-

    ‘[excerpt] NANJING, CHINA – Moving to expand collaboration between California and its Chinese sister-state, Jiangsu, on climate change, technology, education and tourism, Governor Edmund G. Brown Jr. signed an agreement with the province’s top government official on Sunday, day five of the state’s trade and investment mission.’

    [excerpt] “California has a spirit of invention and creativity and doing the unimaginable,” said Governor Brown. “So I think that’s an area where we could exchange together – challenging our respective businesses and scientists and researchers to advance human well-being through these new technologies.”

    Jiangsu is one of six provinces and municipalities that will participate in the China-California Joint Working Group established last week with the Ministry of Commerce to bolster trade and investment cooperation between California and China.

    Governor Brown traveled to Nanjing with delegates representing his office, GO-Biz, the California Department of Food and Agriculture, the California Environmental Protection Agency, the California Energy Commission, the California High Speed Rail Authority and the Bay Area Council.’
    http://www.gov.ca.gov/news.php?id=17998

    • People supervise?
      What are people supervising?

      Governor Li Xueyong
      The fundamental principle of the government is to serve the people whole-heartedly. The basic task of the government is to meet the increasing material and cultural needs of the people. The basic criteria of government work are whether people satisfy, uphold or agree. Government at all levels should enhance self-improvement for higher executive ability and build a service government for the people and supervised by the people.
      http://www.jiangsu.gov.cn/JSGOVEN08/

      Oh yeah!

      p.s. [never mind]

    • O Canada!

      Communists – send ‘warning’ letter!

      ‘[excerpt] China ‘resolutely opposes’ interference in Hong Kong affairs: letter

      A letter from Chinese ambassador Luo Zhaojui said his government “learned” about plans for Lee to testify about political reform in Hong Kong on Tuesday.

      “We hereby express our deep concern and strong opposition,” the envoy’s letter says.

      “Hong Kong’s political development falls entirely within China’s domestic affairs. The Chinese side resolutely opposes any foreign governments, institutions and individuals to interfere in Hong Kong affairs,” he adds.

      “In consideration of the sensitive and complicated situation in Hong Kong, we hope that the Canadian side will not hold such a hearing, not intervene in Hong Kong’s internal affairs in any form, so as not to send wrong signals to the outside world and cause any disturbance to China-Canada relations.”‘
      http://www.cbc.ca/news/politics/pro-democracy-leader-martin-lee-s-committee-invitation-angers-china-1.2987964

      ——————————————————————————————————–

      Communists – send money!

      Cato’s Rahn: Russian Money Behind Opposition to Keystone XL

      ‘[excerpt] The Russians have been directing money to American environmental organizations to help them in their efforts to stop the expansion of U.S. gas and oil production to the tune of tens of millions of dollars, said Richard Rahn, senior fellow at the Cato Institute and chairman of the Institute for Global Economic Growth.

      In a column in The Washington Times, Rahn outlines the case for why Russia has been interfering with U.S. lobbying, noting that it is the country with the biggest interest in stopping the expansion of the oil and gas industry in Europe and America.

      “There have been allegations and suspicions that the Russians were also putting major money into American environmental organizations to assist them in their efforts to stop the expansion of U.S. gas and oil production, but not much hard evidence — until now,” he wrote.
      He said that researchers at the Environmental Policy Alliance have produced a well-documented report showing how Russian money has filtered from a dark company in Bermuda through environmental bundlers, including the Sea Change Foundation.

      From there, the report says, the money moved into major U.S. environmental lobbying organizations, among them, the Sierra Club, the Natural Resources Defense Council, and the League of Conservation Voters.’
      http://www.newsmax.com/Newsfront/Richard-Rahn-Russia-fracking-Cato-Institute/2015/02/03/id/622384/

      ———————————————————————————————————

      “We are working to bring people
      together to find common ground,
      because that’s what we do in Ontario”.
      -Kathleen Wynne, Premier of Ontario
      ———————————————————————————————————

      O Canada!
      2015 – Federal Election Year!

  10. Wait – we were just travelling through the other guys sister
    to get to our sister –
    Ontario’s sister province Jiangsu!

    Welcome to Communist China!

  11. Hydro One AKA “EXTORTIONISTS”!!!!
    according to Ontario Ombudsman Andre Marin.

    (Wonder if Ombudsman Marin still thinks
    IWT problems are – “not systemic”???)

    ‘[excerpt] Ombudsman André Marin has accused Hydro One of “extortion” for sending out letters this winter threatening to cut off electricity to customers in arrears — even though it’s against company policy.

    In his ongoing investigation of the provincial agency’s billing debacle, Marin on Wednesday issued an interim report lambasting Hydro One for trying to “bully” customers into paying their bills — many of which had them owing thousands of dollars when it turned out to be a fraction of that.
    […]
    “Some of them are frankly shocking. We’ve seen absurdly high bills and atrocious customer service. We’ve seen astounding errors over and over again — people charged $10,000, even $20,000 at a time, when what they really owe is closer to $100,” he said.

    Marin said the “tactics” Hydro One is using with its customers clearly illustrated it has forgotten that it is a public servant.

    “Some would think that these notices are fear-mongering, they’re bluffing, they are bullying by the state or some kind of extortion. I think these notices are the case of a public servant lying to the public. This is exactly why citizens lose faith in our public institutions,” he said.’

    http://www.thestar.com/news/canada/2015/03/11/hydro-one-blasted-for-threatening-to-cut-off-customers-power-in-winter.html

    • Places please!

      The liberal mantra – has been –
      ‘Never Let A Good Crisis Go to Waste’ –
      [2003 August Blackout]

      Looks like – Hydro One – created a crisis!
      Got a blasting for it;
      and who does Mr. Marin – work for?

      What will Premier Social Justice do now?
      Damn it – it’s a Crisis!

      —————————————————————————————————

      Rahm Emanuel’s Misguided Mantra: ‘No Crisis Should Go to Waste’

      ‘[excerpt] During the heady days after the 2008 election, as Democrats basked in their Wordsworth moment (“Bliss was it in that dawn to be alive”), Rahm Emanuel embodied the governing philosophy of the new administration.

      “No crisis should go to waste,” Emanuel told the Washington Post for its post-election edition, stressing that he was speaking for himself as an Illinois congressman — and not Barack Obama. Two weeks later, having been named White House chief of staff, Emanuel gave his mantra the presidential imprimatur as he told a conference of business leaders organized by the Wall Street Journal: “You never want a serious crisis to go to waste. . . . Things that we had postponed for too long, that were long-term, are now immediate and must be dealt with. This crisis provides the opportunity for us to do things that you could not do before.”‘
      http://www.politicsdaily.com/2010/09/02/rahm-emanuels-misguided-mantra-no-crisis-should-go-to-waste/

      —————————————————————————————————-

      Liberals fail to learn: Hydro privatization a boondoggle in the making

      TORONTO, ON – Pursing the Liberal government’s privatization plan for Hydro One’s electrical distribution assets is a costly mistake, cautions Fred Hahn, president of the Canadian Union of Public Employees (CUPE) Ontario.

      “The auditor general just revealed the Ontario government wasted $8 billion on privatization schemes, and the same week, the government signaled they’re heading in the same direction with Hydro One’s distribution assets,” said Hahn. “It’s time the Liberals learned: Privatization doesn’t work. It costs the public money, and in this case will drive up hydro rates. That’s bad for the residents and it will drive away business and jobs.”

      Hydro One distribution generated $452 million in “profit” last year, a portion of which provided much-needed revenue for the provincial government. “It doesn’t make sense to sell off revenue-generating assets,” said Hahn. “By keeping them public, we’ll continue to generate revenue for public infrastructure and services for generations to come. Selling them off is bankrupting our future. We need a government with long-term vision, not one that just goes for a quick buck.”

      The government’s track record on the hydro file does not inspire confidence, he added, noting the more than $1 billion squandered on the gas plants P3 scandal and the $2 billion spent on smart meters, which the auditor general criticized in her report last week. “After years of corporate tax cuts that didn’t create jobs, and after squandering billions on failed privatization schemes, Ontario can’t afford more privatization contracts,” Hahn said. “They divert public revenue into private profits. Let’s learn from past mistakes. Stop the privatizing. Stop P3s. Invest revenue from public assets into public services and public infrastructure that benefit all Ontarians.”

      CUPE is Ontario’s community union, with members providing quality public services we all rely on in every part of the province every day. CUPE Ontario members are proud to work in social services, health care, municipalities, school boards, universities and airlines.
      http://cupe.ca/liberals-fail-learn-hydro-privatization-boondoggle-making

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