Saskpower is looking for a 5 per cent rate hike this winter. This is precisely what happens when the government strips a crown utility of a record high $169 million dividend (2003) to try to fill holes in a disastrous budget deficit. This rate hike announcement comes just days after Saskpower announced they were borrowing $150 million for "undetermined" capital expenditures.
Politics and economics don't mix. All the available literature says crown corporations are less efficient, less flexible, and under capitalized.
Tuesday, May 31, 2005
SK: Here we go again...
Posted by
David MacLean
at
11:17 AM
Labels: Saskatchewan
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