Auditor General report reveals Ontari...

Auditor General report reveals Ontario Libs hid $1.1B gas plant cost

Posted in the Georgetown Forum

Boot them all out

Georgetown, Canada

#1 Oct 8, 2013

Georgetown, Canada

#2 Oct 8, 2013
Gas turbines -$210 million
Sunk costs -$40 million
Legal and professional fees -$3 million
Gas delivery and management services -$577 million
Gas and hydro connections -$43 million
Added gas for less efficient turbines -$35 million
Transmission system upgrades -$81 million
Line losses -$32 million
Replacement power -$91 million

Lower price negotiated for power -$275 million (savings)
No payments to TCE until 2017 -$162 million

TOTAL:$675 million
PLUS: Possible additional gas tolls -$140 million
PLUS: Mississauga plant cancellation -$275 million
time up

Georgetown, Canada

#3 Oct 9, 2013

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