Bill Curry & David Parkinson · Published February 10, 2020
OTTAWA AND TORONTO
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The federal government will restructure the terms of its support for Newfoundland and Labrador’s controversial Muskrat Falls hydroelectric project, as the province scrambles to protect ratepayers from a crippling spike in electricity rates stemming from the project’s cost overruns.
Ottawa and the province announced Monday in St. John’s that they will begin talks on restructuring long-term loan guarantees covering much of the cost of the project, which is not yet in service. Ottawa also allowed the province to defer a debt payment due this year of about $150-million. MORE>>
𝐒𝐎𝐔𝐑𝐂𝐄 𝐀𝐑𝐓𝐈𝐂𝐋𝐄: https://www.theglobeandmail.com/politics/article-ottawa-to-renegotiate-terms-of-newfoundland-and-labradors-muskrat/