Dear Editor: I have watched the debate over Muskrat Falls with keen interest, as it is one of the most important projects that Newfoundland and Labrador will undertake in my lifetime.
I have reviewed and digested much of the information available and attended presentations by Nalcor CEO Ed Martin.
I have also spent considerable time reading editorials that are both for and against the project.
I strongly support this project as one that will have significant long- term benefits for our province.
I support this project for four main reasons:
Others have outlined many more reasons to believe in this project as well.
1. We will build a 100-year asset — really forever — that will be paid off in 30 years, which will give us generations of excellent returns for the people of the province, and also stable long-term energy rates.
2. We will get a connection to the North American energy grid through the fixed link deal with Emera in Nova Scotia. They will pay to build the link and use one-third of its capacity for 35 years and then it will be turned over to Nalcor for one dollar.
A number of opponents say that Nova Scotians are getting cheap power, however, from Newfoundland and Labrador’s perspective without the fixed link deal, it is water that would flow over the dam and down the river without any benefit. This superbly negotiated deal gives us an important link to use now for excess power and to use exclusively, after the 35-year deal ends, for the remaining life of the asset.
3. This will put the province in the enviable position of having 98 per cent of its energy from clean energy sources. We will demonstrate tremendous environmental leadership with this project and it will put us in a position that most provinces and countries throughout the world can only dream of.
4. I have utmost confidence in the world-class team at Nalcor, led by Ed Martin. I have had the opportunity to question Mr. Martin and several of his senior staff about this project and they have always provided answers that are clear, well thought out and demonstrate the extensive due diligence they have undertaken.
I would encourage everyone in the province to learn more about Muskrat Falls as it will have a profound effect on future generations.
I feel it is our responsibility as Newfoundlanders and Labradorians to get engaged. I am confident that when you review all the information you will come to the same conclusion as me and support this strategic investment for our province.
Martin Sullivan, St. John’s
"Electricity is the future"...that declaration and two bucks will get you a cup of coffee. It is clinging to these optimisitc, vague generalties, and not ever analysing or even discussing any specific, unique, complicated details about Muskrat Falls that is its achilles heal....no one wants to, or is capable of doing the absolutely necessary work to justify this financial debacle -- including the government, who are little more than contemptuous white-washers. It's just pie-in-the-sky BS, as we've always relied on here.....resulting in a track record of failures and wasted billions.