Ontario are not necessarily buying the power at a negative rate, as the statement you started your post with.
This is about jobs,
..and nuclear energy costs a lot more than renewables, even after you incorporate in the feed in tariff.
Thats why they implemented the program, after Germany's successful fit. (which after 9 years of full operation, they are only starting to reduce the rates offered now - (This coming June)
Politics will not have anything to do with the applications that AWSL have already submitted, and/or AWSL's projects that get approved before the election in October.
You saw the last PR the OPA put out that indicated the next round of CAE contracts will be approved "in the coming weeks"...Do you think the OPA are lying too ? Do you think they arent going to release any.
Developers know if they are line next, or not. They have already been informed by the OPA if their applications have been pre-approved and sit in final cue, waiting to be released. (I know this because my family is in the business). We can track our applications online.
All applications submitted before October, will get grandfathered in. Applications submitted after that, may get offered a lower rate. (This is the same way Germany is doing it)
At no time has the Conservative blue coats ever said they will get rid of the program, and they have never suggested they wont honour contract,s because they would be sued up the yin yang, and that wouldn't help them come next election, and it wouldn't help anyone.
The OPA made a pledge. Billions have been spent by corporations to prepare for that pledge and many jobs have already resulted in that pledge. They will not yank those job from "us" Ontarions.
I repeat, If the gov't goes back on that pledge, it will result in billions of dollars in law suits, without the jobs. They may as well spend billions of actually achieving something . (this is common sense)
They will honor their word, or all these companies that have moved to Ontario from many other countries, will sue the province and that would not be good for any business or any voter in the province.
Just read the front page article from the Financial Post, which discussed this. You remember, the article that featured AWSL's CFO Martin Baldwin.
They will be good on their word and AWSL will get their contracts.
I have spoken to 3 lobbyists, and a municipal politician who used to be senior executive at Hydro One. He was also approached by Tim Hudak (Head of Conservatives for Provincial Gov't) to be part of the Conservative's Ministry of Energy (if they get voted in)
I also attended a talk hosted by Dr. Jan Carr. , former President & CEO of Ontario Power Authority.
All 5 of these people have told me the FIT program will remain the FIT, even IF the conservatives get in..But new rates will be "slowly" implemented in, but all existing applications and awarded contracts at time of election will be honored for the next twenty years. Maybe they are all lying too. lol
I expect some of you guys to argue this, but I have done my dd because I hold a half decent position here, and my family is in the business. It seems people with no stake want to argue it the most.
If i believed that the program was going to be abolished for one minute, I wouldn't be here.
we have done our fair share of research.
All lasting business is built on friendship.
Alfred A. Montapert
