— Then-premier Kathy Dunderdale had a dismissive air when she rose in the legislature on Dec. 18, 2012, to answer another opposition question on Muskrat Falls. One former provincial economist called Muskrat Falls a high-stakes gamble based on “voodoo economics.” Even Public Utilities Board reviewers said they hadn’t been given enough information to form an opinion about it. Muskrat Falls, he said at the time, would harness the province’s hydro potential while bypassing transmission hurdles through Quebec. It also played havoc with the original Muskrat Falls business case. That’s up 6.3 cents from forecasts when Muskrat Falls was sanctioned, and almost double the 12 cents consumers paid last year — potentially adding $150 to an average monthly bill.

Source: National Post October 23, 2016 21:11 UTC