I made a couple of presentations at the PUB about MFs, about 2012. I observed that there were essentially zero of the public there (if I exclude Dave Vardy), surprising given the impact of the foolish project. I advocated for much better energy efficiency programs that were meaningful and very cost effective (as one component of energy source plan; reduces customers costs and reduced winter peak demands (our climate is very favourable for that approach as to heating with electricity at 1/3 the energy use and 1/2 the winter demand on the grid, for the grid heating component.
EF was actually part of the govn plan, about year 2006, but got scrapped for the boondoggle plan. EF approach was not startling, as many other jurisdictions has embarked on that a decade before, including NS, with excellent cost effective results. My expertise : an electrical engineer that once worked for Nfld Hydro, and also with experience with modern heat pumps ability to achieve those savings ). I paid for a test that was monitored (cost just a few thousand).presented the results to the PUB, and Nfld Power commented it was a really good test and analysis, and would have cost them "a million" to do the same. Nfld is rated (by Carlton University) worst or close to worst every year in the annual energy efficient programs in Canada (handled by Nfld Hydro and Nfld Power as Take Charge).
I once stated the Carlton reports at a Fortis annual meeting. It was not appreciated by their CEO, but about half of the audience was surprised and appreciated knowing that.
Currently Nfld Hydro said they have evaluated all sources of economic power supply going forward, which s false. Power companies have to officially adopt the philosophy that energy efficiency is a "power source", before taking this source serious and implementing it appropriately. This has never been done by utilities here, with very small efforts on that for show, so business a usual : wind to hydrogen , or other foolish schemes.
We are going backwards; new govn buildings using inefficient modes (as sued by Coaker in his bungalow at Port Union in 1917 ) of resistance electric heat, instead of efficient electric heat modes. Building consultants grin and bare it, but comply with this backward government policy, with thinking similar to petrostates, and their false claim of our green clean fossil fuels.
Ed, does high inflation of recent years aid the economics of MFs, by paying back loans with inflated dollars?
What are the options for debt repayment in a situation like this? It seems to me that this is becoming something that my children and my children’s children will pay for.
There are fewer now but some of them are still workable. They would involve a radical change in policy and in the relationship between NALCOR and GNL for which the bureaucracy would be 100% opposed purely on self-interest grounds. After all, they scuttled the far more modest EPCA changes in 1994.
Doesn't matter though. The folks with power are all aligned on the same course. We are locked in. The wreck is inevitable just as it was a century ago for all the same reasons.
I made a couple of presentations at the PUB about MFs, about 2012. I observed that there were essentially zero of the public there (if I exclude Dave Vardy), surprising given the impact of the foolish project. I advocated for much better energy efficiency programs that were meaningful and very cost effective (as one component of energy source plan; reduces customers costs and reduced winter peak demands (our climate is very favourable for that approach as to heating with electricity at 1/3 the energy use and 1/2 the winter demand on the grid, for the grid heating component.
EF was actually part of the govn plan, about year 2006, but got scrapped for the boondoggle plan. EF approach was not startling, as many other jurisdictions has embarked on that a decade before, including NS, with excellent cost effective results. My expertise : an electrical engineer that once worked for Nfld Hydro, and also with experience with modern heat pumps ability to achieve those savings ). I paid for a test that was monitored (cost just a few thousand).presented the results to the PUB, and Nfld Power commented it was a really good test and analysis, and would have cost them "a million" to do the same. Nfld is rated (by Carlton University) worst or close to worst every year in the annual energy efficient programs in Canada (handled by Nfld Hydro and Nfld Power as Take Charge).
I once stated the Carlton reports at a Fortis annual meeting. It was not appreciated by their CEO, but about half of the audience was surprised and appreciated knowing that.
Currently Nfld Hydro said they have evaluated all sources of economic power supply going forward, which s false. Power companies have to officially adopt the philosophy that energy efficiency is a "power source", before taking this source serious and implementing it appropriately. This has never been done by utilities here, with very small efforts on that for show, so business a usual : wind to hydrogen , or other foolish schemes.
We are going backwards; new govn buildings using inefficient modes (as sued by Coaker in his bungalow at Port Union in 1917 ) of resistance electric heat, instead of efficient electric heat modes. Building consultants grin and bare it, but comply with this backward government policy, with thinking similar to petrostates, and their false claim of our green clean fossil fuels.
Ed, does high inflation of recent years aid the economics of MFs, by paying back loans with inflated dollars?
What are the options for debt repayment in a situation like this? It seems to me that this is becoming something that my children and my children’s children will pay for.
We had more options 10 years ago to deal with MF.
There are fewer now but some of them are still workable. They would involve a radical change in policy and in the relationship between NALCOR and GNL for which the bureaucracy would be 100% opposed purely on self-interest grounds. After all, they scuttled the far more modest EPCA changes in 1994.
Doesn't matter though. The folks with power are all aligned on the same course. We are locked in. The wreck is inevitable just as it was a century ago for all the same reasons.