What Should Ontarians Take Away from Energy Minister Todd Smith’s recent Speech

The very recent article concerning where Minister Smith said Ontario ratepayers are heading in directives issued to IESO and his speech at the Empire Club noted responses were sought from a few knowledgeable individuals that had been intimately involved with the province’s energy sector! Here is their Feedback:

From the first responder who didn’t watch the speech:

“However, I did read the associated press release:

My initial impression is that it strikes me a lot like the “buy wind” BullFrog material.

All I can see it giving is an opportunity for some friends of the government to make an extra buck.  Trouble is, every time somebody is making an extra buck, someone else at the bottom of the pile has to pay a buck-fifty to ensure that the administrative charges get dealt with.  Does it make anything better?  Not very likely.

Will it be used to justify more expensive power, wind solar, and battery / storage – for sure.

Does it mean the government are devoting the attention they should – to actually addressing the problems with wind turbine located too close to homes, or paying non-dispatchable sources a premium, instead of those who should be paid a premium, who can be available 24/7.  Not that I see,

So, in summary, am I impressed … no. I’m finding myself stuck between the proverbial rock and hard spot.  The PC’s have had 4 years and done next to nothing to improve the situation with our energy supply, or addressing the harm done to citizens.  Conversely, had we had a Liberal or NDP government, they might have made the situation even worse.  Not much of a choice.”

From the second responder:

“Good Morning Parker. I am about 20 minutes into the Todd Smith epistle. The PC’s are sounding more like Liberals and NDP every day. Here’s why. They have no shame.

Small Modular Reactors – Doug Ford – LIUNA – BWXT (subsidiary of AECON).
FYI … it is AECON whom are the prime contractor in the nuclear reactor refits for both OPG Darlington and for Bruce Power at Tiverton / Kincardine.

Aecon has their collective labour agreements with ….. (drum roll svp) …. LIUNA.

It was AECON who sought suitors in 2016 and 2017 … offering control of the company in exchange for access to greater amounts of working capital; which in turn would increase the leverage of Aecon to build the massive P3 regional rail electrification projects proposed by Metrolinx; as well as the municipal LRT projects in GTA, Hamilton and Ottawa (2nd phase).

Aecon went so far as to sell their lucrative Ft Mc Murray oil sands mining division in order to raise more cash.

You may recall the Chinese takeover of the company that was quashed by Ottawa in May 2018 … due to concerns of “national security”.

Aecon was bullish on building all of the electric rail projects proposed for Ontario. They formed a new division by poaching people from other companies. To my knowledge as of this date their record of rail electrification contracts obtained still remains at .. zero. As a result, some of those whom were “poached”; left Aecon and went elsewhere.

I will finish listening to the Todd Smith epistle … but so far, it is crystal clear the PC’s are heading in the direction that LIUNA and Aecon wants them to go.”

As is obvious the responses received to the direction Minister Smith has put forward, are not seen as very positive by those whom I consulted despite the enthusiasm exhibited by the Minister in the press release and his speech.  I was particularly struck by the following comment from the first responder:

The PC’s have had 4 years and done next to nothing to improve the situation with our energy supply, or addressing the harm done to citizens.

Author: parkergallantenergyperspectivesblog

Retired international banker.

3 thoughts on “What Should Ontarians Take Away from Energy Minister Todd Smith’s recent Speech”

  1. As the Liberals and NDP would only be worse, and there is no other credible political party that would protect taxpayers and ratepayers’ interests, there is only one viable solution to this mess and it is not an easy one. Everyone knowledgeable about the damage being done to Ontario by “green” electricity policies and related favouritism should join the Progressive Conservative Party and force a direction change from within. Plus, Doug Ford has to go.

    Liked by 1 person

  2. This is actually a clever scheme to recoup more money from deluded ratepayers. And there are enough of them out there. Sure repackage green energy in a package and sell it for what a cost.

    Like

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