Geothermal ^^not getting any love^^
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It's CHEAP but not necessarily easy: Crosbie introduces PCs' Newfoundland electricity rate reduction strategy
ST. JOHNS - Newfoundland and Labrador PC Leader Ches Crosbie says Muskrat Falls won't drive up electricity rates, if he's elected premier.
According to Crosbie, who presented the party's Crosbie Hydro Energy Action Plan — acronym CHEAP — at a press conference Monday, $575.4 million is needed per year in order to keep rates from ballooning past 14.67 cents per kilowatt hour.
Here's where he thinks the money could come from:
- Hydro rates and dividends — $123.4 million
- Export sales — $40.1 million
- Nalcor restructuring — $30 million
- Holyrood savings — $150 million
- Nalcor oil revenue — $231 million …