Thursday, May 9, 2024

More Thoughts on Proposed Pumped Storage Facility

Letter to the Editor

Editor,

Regarding John Mikkelson’s letter of January 17, which read: 3rd paragraph…..”TCEnergy will carry the cost of constructing the facility… The net financial benefit for Ontario ratepayers over the lifespan of the facility is estimated to be $12.1 billion”.

Gosh! This sounds like everyone’s fairy godmother!

Except, how to measure the cost of environmental degradation, property risk and devaluation, impact on roads, housing, peace and tranquility over 4 years plus?

And what, pray tell, is the lifespan number used and what is the estimated profit for TCE over this same lifespan?

Jean Koroway, Annan

Popular this week

Latest news