https://www.cbc.ca/news/canada/new-brunswick/ontario-ndp-point-lepreau-nb-1.6807994
Ontario NDP opposition questions utility's interest in 'money-losing' Point Lepreau
Energy critic says Ford government should block any deal to shift nuclear plan debt, risk to Ontario
NDP energy critic Peter Tabuns says the Doug Ford government should provide "clear assurance" that it would veto any deal that transfers any financial liability for Point Lepreau to Ontario Power Generation.
"We already have very expensive electricity in Ontario," Tabuns said in an interview.
"The idea that we would take on debt for someone else's generation problems just doesn't make any sense to me."
N.B.
Power CEO Lori Clark said the Crown corporation is looking at options
for how the Ontario utility might be able to help run Lepreau better. (Jacques Poitras/CBC)
N.B. Power confirmed that negotiations with Ontario Power could lead to the company taking an equity stake — partial ownership — in Point Lepreau, though it said that's only one of several options.
Tabuns raised the issue in the Ontario legislature last week.
"We need to focus on Ontario and its needs, not on problem plants in other provinces," he said during question period.
Ontario Energy Minister Todd Smith responded that the Progressive Conservative government would "wait and see what happens" in the negotiations.
"Any deal will be in the best interest of Ontario ratepayers," Smith said. "You can take that to the bank."
N.B. Power CEO Lori Clark told CBC News last week the Crown corporation is looking at a range of options for how the Ontario utility might be able to help run Lepreau better.
She said one of them could be "a separate entity" co-owned by the two utilities to manage the plant, allowing them to share profits and financial risk.
As of January, Point Lepreau had achieved only 55 per cent capacity for 2022-23, according to filings to the utilities board. (Shane Fowler/CBC)
The Point Lepreau plant has had a series of problems since a $2.4-billion refurbishment wrapped up in 2012 that increased the utility's debt.
As of January, the plant had achieved only 55 per cent capacity for 2022-23, according to N.B. Power's filings with the Energy and Utilities Board.
That includes a 35-day outage that began Dec. 15 and stretched into January, wiping out all of the utility's projected profit for this year.
Ontario Power Generation has a large fleet of nuclear reactors, giving it more experience dealing with shutdowns, Premier Blaine Higgs said last month.
But Tabuns questioned why the Ontario utility would want to have any responsibility for what he called a money-losing plant.
Smith responded in the legislature by accusing the Ontario NDP of opposing the development of small modular nuclear reactors.
Premier Blaine Higgs has said Ontario Power has more experience dealing with shutdowns. (Ed Hunter/CBC)
In the question period exchange, Tabuns quoted N.B. Power saying that "all possible options" were on the table for Point Lepreau. The New Brunswick utility later clarified that it would not sell the power plant as a whole to Ontario Power Generation.
"You can own an awful lot of plant short of 100 per cent and still take on big liability," Tabuns said Wednesday.
"The idea of going into a joint venture in which Ontario Power Generation may be financially liable is not appealing either. I don't see why we should take on any liability in this case."
Ontario is already spending billions of dollars subsidizing power rates because of a series of costly construction projects approved under a previous Liberal government, he said.
Tabuns said he plans to continue questioning the Ford government about a possible OPG-Lepreau agreement when the legislature returns next week.
15 Comments
Automatic reply: Matter 529 - NB Power Rate Design Even more Interesting news from CBC
| ||||||||||
Premier of Ontario | Premier ministre de l’Ontario<Premier@ontario.ca> | Wed, Apr 12, 2023 at 2:53 PM |
| To: David Amos <david.raymond.amos333@gmail.com> | |
Thank you for your email. Your thoughts, comments and input are greatly valued. You can be assured that all emails and letters are carefully read, reviewed and taken into consideration. There may be occasions when, given the issues you have raised and the need to address them effectively, we will forward a copy of your correspondence to the appropriate government official. Accordingly, a response may take several business days. Thanks again for your email. ______ Merci pour votre courriel. Nous vous sommes très reconnaissants de nous avoir fait part de vos idées, commentaires et observations. Nous tenons à vous assurer que nous lisons attentivement et prenons en considération tous les courriels et lettres que nous recevons. Dans certains cas, nous transmettrons votre message au ministère responsable afin que les questions soulevées puissent être traitées de la manière la plus efficace possible. En conséquence, plusieurs jours ouvrables pourraient s’écouler avant que nous puissions vous répondre. Merci encore pour votre courriel.
| |
Re: Matter 529 - NB Power Rate Design Even more Interesting news from CBC
David Amos<david.raymond.amos333@gmail.com> |  Wed, Apr 12, 2023 at 2:57 PM | ||||||||||||||||||||||||||
| To: tabunsp-co@ndp.on.ca | |||||||||||||||||||||||||||
| Cc: "blaine.higgs"<blaine.higgs@gnb.ca> | |||||||||||||||||||||||||||
Queen’s Park: Room 465 Main Legislative Building, Queen’s Park Toronto, Ontario M7A 1A5 Phone: 416-325-3250 Constituency Office: 923 Danforth Avenue Toronto, Ontario M4J 1L8 Phone: 416-461-0223 | Fax: 416-461-9542 Email: tabunsp-co@ndp.on.ca ---------- Forwarded message ---------- From: David Amos <david.raymond.amos333@gmail. Date: Wed, 12 Apr 2023 14:52:46 -0300 Subject: Re: Matter 529 - NB Power Rate Design Even more Interesting news from CBC To: "Holland, Mike (LEG)"<mike.holland@gnb.ca>, "blaine.higgs" <blaine.higgs@gnb.ca>, "Robert. Jones"<Robert.Jones@cbc.ca>, "Abigail J. Herrington"<Aherrington@lawsoncreamer.com <Kathleen.Mitchell@nbeub.ca>, "Williams, Richard (OAG/CPG)" <Richard.Williams@gnb.ca>, "ceo@fermenbfarm.ca"<ceo@fermenbfarm.ca>, "louis-philippe.gauthier@cfib. "frederic.gionet@cfib.ca"<frederic.gionet@cfib.ca>, "Ron.marcolin@cme-mec.ca"<Ron.marcolin@cme-mec.ca>, "Sollows, David (DNRED/MRNDE)"<David.Sollows@gnb.ca>, "hanrahan.dion@jdirving.com" <hanrahan.dion@jdirving.com>, "nrubin@stewartmckelvey.com" <nrubin@stewartmckelvey.com>, "coneil@stewartmckelvey.com" <coneil@stewartmckelvey.com>, "lmclements@stewartmckelvey. <lmclements@stewartmckelvey. <pbowman@bowmaneconomics.ca>, "brudderham@stewartmckelvey. <brudderham@stewartmckelvey. <JohnFurey@fureylegal.com>, "jpetrie@nbpower.com" <jpetrie@nbpower.com>, "NBPRegulatory@nbpower.com" <NBPRegulatory@nbpower.com>, "lgordon@nbpower.com" <lgordon@nbpower.com>, "SWaycott@nbpower.com"<SWaycott@nbpower.com>, "George.Porter@nbpower.com"<George.Porter@nbpower.com>, "bcrawford@nbpower.com"<bcrawford@nbpower.com>, Veronique Otis <Veronique.Otis@nbeub.ca>, "Young, Dave"<Dave.Young@nbeub.ca>, NBEUB/CESPNB <General@nbeub.ca>, "Colwell, Susan" <Susan.Colwell@nbeub.ca>, "bhavumaki@synapse-energy.com" <bhavumaki@synapse-energy.com> <mwhited@synapse-energy.com>, "prhodes@synapse-energy.com" <prhodes@synapse-energy.com>, "alawton@synapse-energy.com" <alawton@synapse-energy.com>, "jwilson@resourceinsight.com" <jwilson@resourceinsight.com>, "pchernick@resourceinsight.com <pchernick@resourceinsight.com <Melissa.Curran@nbeub.ca>, "rdk@indecon.com"<rdk@indecon.com>, "tammy.grieve@mcinnescooper. "paul.black@twinriverspaper. Hoyt <Len.Hoyt@mcinnescooper.com>, "tyler.rajeski@ <tyler.rajeski@ "darcy.ouellette@ <darcy.ouellette@ <dan.murphy@umnb.ca>, "jeff.garrett@sjenergy.com" <jeff.garrett@sjenergy.com>, "shelley.wood@sjenergy.com" <shelley.wood@sjenergy.com>, "dan.dionne@perth-andover.com" <dan.dionne@perth-andover.com> <pierreroy@edmundston.ca>, "ryan.mitchell@sjenergy.com" <ryan.mitchell@sjenergy.com>, "sstoll@stollprofcorp.com" <sstoll@stollprofcorp.com>, "pzarnett@bdrenergy.com" <pzarnett@bdrenergy.com> Cc: premier <premier@ontario.ca>, info@ontariondp.ca, peter.tabuns@ontariondp.ca https://www.cbc.ca/news/ Ontario NDP opposition questions utility's interest in 'money-losing' Point Lepreau Social Sharing Energy critic says Ford government should block any deal to shift nuclear plan debt, risk to Ontario CBC News · Posted: Apr 12, 2023 2:10 PM ADT | Last Updated: 27 minutes ago A man with white hair and glasses in a suit stands in front of flags in a room. NDP energy critic Peter Tabuns said taking on debt 'for someone else's generation problems just doesn't make any sense.' (Chris Young/The Canadian Press) The NDP opposition in Ontario says the provincial government there should block any agreement to have its Crown power utility share any debt or financial risk from New Brunswick's Point Lepreau nuclear power plant. NDP energy critic Peter Tabuns says the Doug Ford government should provide "clear assurance" that it would veto any deal that transfers any financial liability for Point Lepreau to Ontario Power Generation. "We already have very expensive electricity in Ontario," Tabuns said in an interview. "The idea that we would take on debt for someone else's generation problems just doesn't make any sense to me." A woman wears a black turtleneck and grey sweater, and smiles directly at the camera. N.B. Power CEO Lori Clark said the Crown corporation is looking at options for how the Ontario utility might be able to help run Lepreau better. (Jacques Poitras/CBC) N.B. Power confirmed that negotiations with Ontario Power could lead to the company taking an equity stake — partial ownership — in Point Lepreau, though it said that's only one of several options. Tabuns raised the issue in the Ontario legislature last week. "We need to focus on Ontario and its needs, not on problem plants in other provinces," he said during question period. Ontario Energy Minister Todd Smith responded that the Progressive Conservative government would "wait and see what happens" in the negotiations. "Any deal will be in the best interest of Ontario ratepayers," Smith said. "You can take that to the bank." N.B. Power CEO Lori Clark told CBC News last week the Crown corporation is looking at a range of options for how the Ontario utility might be able to help run Lepreau better. She said one of them could be "a separate entity" co-owned by the two utilities to manage the plant, allowing them to share profits and financial risk. A picture taken from the air of a nuclear power plant on the edge of the land next to the Bay of Fundy. As of January, Point Lepreau had achieved only 55 per cent capacity for 2022-23, according to filings to the utilities board. (Shane Fowler/CBC) The Point Lepreau plant has had a series of problems since a $2.4-billion refurbishment wrapped up in 2012 that increased the utility's debt. As of January, the plant had achieved only 55 per cent capacity for 2022-23, according to N.B. Power's filings with the Energy and Utilities Board. N.B. Power CEO says it's too early to commit to EUB oversight of Lepreau deal Ontario utility could become partial owner of Point Lepreau nuclear plant That includes a 35-day outage that began Dec. 15 and stretched into January, wiping out all of the utility's projected profit for this year. Ontario Power Generation has a large fleet of nuclear reactors, giving it more experience dealing with shutdowns, Premier Blaine Higgs said last month. But Tabuns questioned why the Ontario utility would want to have any responsibility for what he called a money-losing plant. Smith responded in the legislature by accusing the Ontario NDP of opposing the development of small modular nuclear reactors. A man in a blue suit standing in a hallway with paintings on the walls. There are two handheld microphones in front of him. Premier Blaine Higgs has said Ontario Power has more experience dealing with shutdowns. (Ed Hunter/CBC) In the question period exchange, Tabuns quoted N.B. Power saying that "all possible options" were on the table for Point Lepreau. The New Brunswick utility later clarified that it would not sell the power plant as a whole to Ontario Power Generation. "You can own an awful lot of plant short of 100 per cent and still take on big liability," Tabuns said Wednesday. Premier says potential Lepreau sale 'shouldn't be a public debate' N.B. Power VP's salary closer to $1.3M, utility acknowledges "The idea of going into a joint venture in which Ontario Power Generation may be financially liable is not appealing either. I don't see why we should take on any liability in this case." Ontario is already spending billions of dollars subsidizing power rates because of a series of costly construction projects approved under a previous Liberal government, he said. Tabuns said he plans to continue questioning the Ford government about a possible OPG-Lepreau agreement when the legislature returns next week. CBC's Journalistic Standards and Practices 1 Comment David Amos Surprise Surprise Surprise Contact 647.344.1338 peter.tabuns@ontariondp.ca ---------- Forwarded message ---------- From: NBP Regulatory <NBPRegulatory@nbpower.com> Date: Thu, 6 Apr 2023 14:26:14 +0000 Subject: Matter 0529 - NB Power 2022 Rate Design Application - Responses to Interrogatories (Round 2) To: "Mitchell, Kathleen"<Kathleen.Mitchell@nbeub.ca>, "general@nbeub.ca"<general@nbeub.ca>, "ceo@fermenbfarm.ca" <ceo@fermenbfarm.ca>, "louis-philippe.gauthier@cfib. <louis-philippe.gauthier@cfib. <frederic.gionet@cfib.ca>, "Ron.marcolin@cme-mec.ca" <Ron.marcolin@cme-mec.ca>, "David.Raymond.Amos333@gmail. <David.Raymond.Amos333@gmail. <david.sollows@gnb.ca>, "hanrahan.dion@jdirving.com" <hanrahan.dion@jdirving.com>, "nrubin@stewartmckelvey.com" <nrubin@stewartmckelvey.com>, "coneil@stewartmckelvey.com" <coneil@stewartmckelvey.com>, "lmclements@stewartmckelvey. <lmclements@stewartmckelvey. <pbowman@bowmaneconomics.ca>, "brudderham@stewartmckelvey. <brudderham@stewartmckelvey. <JohnFurey@fureylegal.com>, "Petrie, Jamie"<JPetrie@nbpower.com>, "Murphy, Darren"<DaMurphy@nbpower.com>, NBP Regulatory <NBPRegulatory@nbpower.com>, "Gordon, Laura"<LGordon@nbpower.com>, "Waycott, Stephen"<SWaycott@nbpower.com>, "Porter, George" <George.Porter@nbpower.com>, "Gibson, Kevin"<KevGibson@nbpower.com>, Veronique Otis <Veronique.Otis@nbeub.ca>, "Young, Dave" <Dave.Young@nbeub.ca>, "Aherrington@lawsoncreamer.com <Aherrington@lawsoncreamer.com "Colwell, Susan"<Susan.Colwell@nbeub.ca>, "bhavumaki@synapse-energy.com"<bhavumaki@synapse-energy.com> "mwhited@synapse-energy.com"<mwhited@synapse-energy.com>, "prhodes@synapse-energy.com"<prhodes@synapse-energy.com>, "alawton@synapse-energy.com"<alawton@synapse-energy.com>, "jwilson@resourceinsight.com"<jwilson@resourceinsight.com>, "pchernick@resourceinsight.com Melissa Curran <Melissa.Curran@nbeub.ca>, "richard.williams@gnb.ca" <richard.williams@gnb.ca>, "rdk@indecon.com"<rdk@indecon.com>, "tammy.grieve@mcinnescooper. "paul.black@twinriverspaper. "Hoyt, Len"<len.hoyt@mcinnescooper.com>, "tyler.rajeski@ <tyler.rajeski@ "darcy.ouellette@ <darcy.ouellette@ <dan.murphy@umnb.ca>, "jeff.garrett@sjenergy.com" <jeff.garrett@sjenergy.com>, "shelley.wood@sjenergy.com" <shelley.wood@sjenergy.com>, "dan.dionne@perth-andover.com" <dan.dionne@perth-andover.com> <pierreroy@edmundston.ca>, "ryan.mitchell@sjenergy.com" <ryan.mitchell@sjenergy.com>, "sstoll@stollprofcorp.com" <sstoll@stollprofcorp.com>, "pzarnett@bdrenergy.com" <pzarnett@bdrenergy.com> Good morning, NB Power has transferred its 2022 Rate Design Application (Round 2) interrogatory responses to the New Brunswick Energy and Utilities Board's secure FTP site, in accordance with the approved schedule for this Matter. In addition to the documents transferred via FTP, please find the following documents attached to this email: 1. IR responses (Round 2) for each of Board staff, Public Intervener, David Amos, J.D. Irving Limited, and Utilities Municipal 2. Master List of Filing Documents In order to access the filed documents please visit the following site using the log-in information provided below: FTP site: https://dtfiledrop.cirrus9. Account: Intervener5 Password: xxxxxxxxx Per normal practice, responses containing information over which NB Power is claiming confidentiality have been uploaded to a separate FTP site. All confidential documents are classified as Confidential Restricted. If you have any questions, please do not hesitate to respond to this email. Kind regards, [cid:image001.png@01D96876. Laura Gordon (She/Her) Analyst II, Corporate Regulatory Affairs| Analyste II, affaires réglementaires d'entreprise T: 506.458.4959 C: 506.429.8556 nbpower.com | energienb.com ______________________________ This e-mail communication (including any or all attachments) is intended only for the use of the person or entity to which it is addressed and may contain confidential and/or privileged material. If you are not the intended recipient of this e-mail, any use, review, retransmission, distribution, dissemination, copying, printing, or other use of, or taking of any action in reliance upon this e-mail, is strictly prohibited. If you have received this e-mail in error, please contact the sender and delete the original and any copy of this e-mail and any printout thereof, immediately. Your co-operation is appreciated. Le présent courriel (y compris toute pièce jointe) s'adresse uniquement à son destinataire, qu'il soit une personne ou un organisme, et pourrait comporter des renseignements privilégiés ou confidentiels. Si vous n'êtes pas le destinataire du courriel, il est interdit d'utiliser, de revoir, de retransmettre, de distribuer, de disséminer, de copier ou d'imprimer ce courriel, d'agir en vous y fiant ou de vous en servir de toute autre façon. Si vous avez reçu le présent courriel par erreur, prière de communiquer avec l'expéditeur et d'éliminer l'original du courriel, ainsi que toute copie électronique ou imprimée de celui-ci, immédiatement. Nous sommes reconnaissants de votre collaboration.
| |||||||||||||||||||||||||||
Do you bother to read before posting your nonsense?