TORONTO, Sept. 24, 2012 /CNW/ - The Society of Energy Professionals says
that the agreement reached between the Ontario Power Authority and
TransCanada Energy to relocate the proposed 900-megawatt natural gas
plant originally planned for Oakville to lands at Ontario Power
Generation's Lennox Generating Station site near Bath, in eastern
Ontario's Lennox and Addington County will cost taxpayers much more
than $40 million.
Rod Sheppard Society President says that the $40 million figure
represents only the costs associated with the construction of the plant
and neglects to talk about all the other much larger associated costs.
"I would expect that the lost revenue TransCanada incurred as a result
of the plant not being up and running for nearly three years are buried
in a contract which we have not and may never see" Sheppard says.
Sheppard added that it is imperative that taxpayers also be allowed to
look at both the original contract signed with TransCanada and the new
contract which had to be put together as a result of moving the plant.
"Transparency in this matter is paramount" Sheppard says. "We should
know what rates people will be paying for decades to come as a result
of this deal."
In addition to the cost concerns, Sheppard says that the location of the
plant is also problematic.
"The area west of Toronto was in need of a generating plant and that
need will remain now that the plant is being relocated in the eastern
part of the Province" Sheppard says. "This decision once again
demonstrates that political expediency and not system planning is what
drives electricity policy in Ontario."
The Society of Energy Professionals represent more than 8300 engineers,
telecommunications and information technology professionals, scientists
and others who for generations have designed, built, operated and
helped safeguard Ontario's vast electricity system. The Society's
members work for Ontario Power Generation, Hydro One, Bruce Power, the
IESO, the OEB, the ESA and other key electricity sector employers.
SOURCE: The Society of Energy Professionals
For further information:
416.979.2709 x 4002 Cell 647.404.8918
416.979.2709 x 3039 Cell 416.670.6835