Tuesday, May 31, 2005

SK: Here we go again...

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.

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