Wednesday, February 28, 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

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