(1) Yesterday, the Independent Electricity System Operator (IESO) announced that bids would open for a further 150 megawatts of electricity on October 31st. The news release by Energy Minister Thibeault on September 27th announced to great fanfare that the Large Renewable Procurement (LRP 2) in process would be suspended, halting procurement of over 1,000 megawatts of energy, including wind and solar. IESO had established that Ontario has a robust supply of electricity over the coming decade to meet demand. Neither yesterday’s IESO announcement nor Thibeault’s news release disclosed that the further 150 megawatts in question had been referred to in the then Energy Minister’s letter of April 5th, 2016, to IESO as a requirement imposed on IESO.
The general reaction to Thibeault’s news release was one of temporary relief that no new wind or solar factories would be imposed on unwilling hosts in 2017. It now seems that to regard it as a cynical ploy motivated politically might be more appropriate.
(2) The Business Section of today’s Globe and Mail under the byline of Richard Blackwell believes that an announcement may soon be made that Windstream Energy, whose massive offshore wind factory not too far from the County was cancelled by Queen’s Park, has been awarded damages of about $25.2 million plus costs of about $2.9 million. The awards were given by the Permanent Court of Arbitration, sitting in the Netherlands, under NAFTA rules. Under those rules, Ottawa is responsible for the actions of the Provinces, so the awards were made against the Government of Canada.
We will follow up on this story as it develops, including how one Liberal government will react against another for the disastrous outcome.