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Do Canada's Dam Disasters Come In 3's? Muskrat Falls, Keeyask...Site C?

  • Broadcast in Politics
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Many things come in 3's. The 3 Musketeers. The 3 Stooges. 3 Blind Mice. 3 Ring Circus. Speak no evil, Hear no evil, See no evil.

Are the 3 disaster dams for Canada:

  • Muskrat Falls - Labrador's money-pit will finish at close to 100% overbudget, years behind schedule and will multiply by 5 the monthly bill of every NALCOR customer for who knows how long, maybe forever
  • Keeyask - Hydro Manitoba went "too big to fail" but ratepayers can cover what has years to go and has risen 40% in cost with less than 20% done
  • Site C - BC Hydro's boondoggle may likely cost more than $12 billion if completed, costing ratepayers for at least 70 years for who knows the total

Muskrat Falls nears completion as a Commission of Inquiry seeks why they got a white elephant at double the cost before generating a watt. Keeyask may be the most remote of the 3 and is a long way from generating power as its budget skyrockets at this early stage. Another 100% overrun is possible.

Many things make Site C different. The Clean Energy Act 2010 for one. There are openings for Horgan to reverse-Clark on BC Hydro. The much bigger economy of BC. But what is clear is Site C output would have no market now or the foreseeable future.

Norm Farrell of https://in-sights.ca and Grant G of https://powellriverpersuader.blogspot.ca/ join us to look at all 3, the similarities in risks and the big differences on Site C.

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