Revenues from equity stakes in offshore oil projects should be used to offset a looming spike in power rates in Newfoundland and Labrador, says Danny Williams. The former premier is also pleased the aroma of negativity surrounding Muskrat Falls, a project he championed while in office, seems to be lifting. Trying to match the MaritimesCoady said the province is working hard to manage power rates. Nalcor is projecting that Muskrat Falls power would be at the 21 to 22 cents per kWh without mitigating efforts. A recent photo of the Muskrat Falls spillway and intake on the Churchill River, near Happy Valley-Goose Bay, Labrador.

Source: CBC News April 20, 2018 09:22 UTC