Hey there, time traveller!
This article was published 23/9/2014 (1003 days ago), so information in it may no longer be current.
In an effort to downplay the impact of the latest increase in the estimated cost for Bipole III (“Price Tag For Bipole III Jumps By $1.3B,” Sept. 19), Scott Thomson, president and CEO for Manitoba Hydro, apparently said the direct impact of this would be a rate increase of $3 or $4 a year over several years.
Give me a break!
This outlandish statement brings to mind Bob Brennan’s statement in the Manitoba legislature on May 30, 2011, that the incremental cost per family of a west-side routing would be only $13.68 per year and perhaps as low as one third of that. One has to wonder what kind of Kool-Aid these two accountants drink when they are in the CEO’s office.
It also brings into recall a statement by Rosann Wowchuk, minister responsible for Manitoba Hydro, during the 2011 provincial election campaign. She said, “The reality is that Manitoba families will not pay one cent for Bipole III, it will be paid for by export sales.”
PUB told Hydro in its Needs For and Alternatives To report only three months ago that Bipole III would increase rates paid by Manitobans by 20 per cent. That was when the official estimate was still $3.28 billion.
Now that Hydro has increased its estimate by 40 per cent, simple arithmetic (apparently not a commodity in abundance in the CEO’s office) suggests that the impact of Bipole III on rates will be 28 per cent. Using $100 as an estimate of the average ratepayer’s monthly bill, the reality is that the average added cost to ratepayers for Bipole III will be more like $28 per month, or $336 per year. Manitobans, the deception in consistently denying or trivializing the cost of Bipole III is no accident.
Dr. Garland Laliberte,
Bipole III Coalition