Mmmm, why demise? What's happening on the Churchill?
Very long story short: Prov govt is going to put another dam on the Mista Shipu (Churchill River). Fed-Prov environmental panel said needed more info before could approve. Prov regulatory agency said needed more information before approvalProvince said screw that, went ahead anyway with pre construction before government sanction. Now feds have issued a *term sheet* on a loan guarantee of 6.3 million of the latest projected cost of 7.4 million.Projected cost to produce electricity at dam sight 17 cents KWH, plus transmission to Island then on to Nova Scotia. Latest price of electricity is .4 cents a KWH in eastern Canada and USA.So the tax payers of the province are up for paying for this on their electricity bills for the next 40 years or so.
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