NB Power says it needs lower rate increase after settlement with insurers
Utility, province won't reveal value of settlement worked out over cost overruns at Point Lepreau
CBC News · Posted: Mar 26, 2018 10:35 AM AT
Comments
Roy Kirk
One hopes the Board will have
them file the agreement so that it can make an independent examination
of it. Taking the executives at their word would seem to be imprudent at
this point. This point being the countdown to an election.
Douglas James
@Roy Kirk Same tactic used by
the city of Saint John. Taxpayers paid for an "independent'
consultant's report on the fairness of the refinery water rate deal. The
city refused to release even one word of the document because "it would
give away our negotiating strategy". It took 14 years to negotiate the
deal. Of course, in the real world, that means there was no strategy and
likely no negotiations. Irving refused to sign until it was convenient
for them to do so.
David Amos
@Douglas James Methinks the
dudes who made out like the bandits they truly are are the lawyers who
delayed it for 14 years N'esy Pas?
Douglas James
If he received intelligence
reports from the hamlet of New Brunswick, Vlad Putin would be laughing
his head off. We're talking about 'weather taxes' and 'smart meters'
while, according to the CIA, the Russians have the ability to hack into
and knock out the entire North American power grid. Maybe NB Power
should apply for a rate increase to pay for candles?
David Amos
@Douglas James FYI Russians read my blog daily No kidding
Douglas James
@David Amos Lol. From Pushkin to Amos, they read it all.
David Amos
@Douglas James Why insult me?
David Amos
@Douglas James Perhaps you should talk to your friend Mr Jones Trust that he has watched me in action at the EUB hearings
ME TOO PARTICULARLY WHEN I DISCOVER AFTER THE SMILING BASTARD INSULTS ME THAT HE HAS USED THE SAME EXPRESSION A IT IN OTHER ARTICLES THEN RUN FOR PUBLIC OFFICE UNDER THE GREEN MEANEY BANNER AND BRAGS ABOUT IT TO YOUR BEST BUTT BUDDY CHUCKY LEBLANC
https://www.cbc.ca/news/business/stock-markets-equities-dow-jones-1.4519930
Comments
We tend to think that markets
are fluid due to economics , the reality is a comparative to a school
of minnows being the prey of pike hiding in the weeds and striking when
hungry
David Amos
@carl tyrell {dit antaya) Well put sir
Ed Munn (FrogLips1)
New applications for
unemployment insurance benefits plunged by 41,000 to 220,000 in the
second week of 2018, the Labor Department reported Thursday, the lowest
level in nearly 45 years.
The report easily beat forecasters expectations for new jobless claims to drift down to around 250,000.
Low jobless claims are a good sign because they suggest that layoffs are relatively scarce. Federal Reserve officials and investors watch the numbers because they come out weekly, providing an early warning sign of any trouble.
The Trump administration and congressional Republicans have stated that they want to maintain a high level of job creation not only decrease unemployment, but also boost the labor force participation rate by encouraging people who have retired or quit the workforce to seek out jobs.
The report easily beat forecasters expectations for new jobless claims to drift down to around 250,000.
Low jobless claims are a good sign because they suggest that layoffs are relatively scarce. Federal Reserve officials and investors watch the numbers because they come out weekly, providing an early warning sign of any trouble.
The Trump administration and congressional Republicans have stated that they want to maintain a high level of job creation not only decrease unemployment, but also boost the labor force participation rate by encouraging people who have retired or quit the workforce to seek out jobs.
David Amos
@Ed Munn (FrogLips1) "Federal
Reserve officials and investors watch the numbers because they come out
weekly, providing an early warning sign of any trouble"
Too Too Funny Methinks thou doth jest too much N'esy Pas? .Everybody in the know knows the Federal Reserve officials aka Banksters are the ones who orchestrate this wicked game with with others peoples money and "Futures" in more ways than one.
Too Too Funny Methinks thou doth jest too much N'esy Pas? .Everybody in the know knows the Federal Reserve officials aka Banksters are the ones who orchestrate this wicked game with with others peoples money and "Futures" in more ways than one.
David Amos
@Ed Munn (FrogLips1) Why
don't you explain to the folks why i sued 3 US Treasury Agent amongst a
host of lawyers in 2002 then ran for public office fives times after I
was involved in US Senate Banking Committee Hearing?
Anybody can Google the following correct?
David Amos Bank Fraud
Anybody can Google the following correct?
David Amos Bank Fraud
Douglas James
Me thinks the CBC once again is making a mountain out of a molehill. Market corrections are normal. Hardly a "meltdown". I guess perspective doesn't drive enough online views.
CBC ban on anonymous comments will be complicated, expensive, expert says
Difficult to verify if names are real and extra screening will take more resources, says Tim Currie
https://www.youtube.com/watch?v=K2AfRIOdmbk
Former CBC Journalist Doug James is the new Saint John Lancaster Green Party Candidate!!!
4 views
Published on Jul 20, 2018
Saint-John Lancaster
DOUG JAMES
Doug James is a former local, national and international journalist, best known for his work
as a foreign correspondent for CNN, where he covered the first Gulf
War, the Palestinian Intifada and the fall of the Berlin Wall. Before
joining CNN, he was a correspondent for the CBC flagship current affairs
program, The Journal and
a reporter covering local and regional politics in Ottawa. Earlier, he
was news director and anchor at ATV News in New Brunswick.
Doug grew
up in a single-parent home on Lancaster Street in West Saint John, and
went to New Albert School and then Voc. His family has been on the west
side for a hundred years and in New Brunswick since 1823.
He has a
Masters’ degree from Carleton University in Ottawa and has taught
broadcast journalism at the New Brunswick Community College and lectured
in Media Law and Ethics at Laurier University.
In addition
to his traditional journalism career, Doug also managed the ‘best
government website” in the world (International Academy of Digital Arts
and Sciences) for the Ontario Ministry of Health and Long-Term Care
which, at the time, also won the highest award for technological
achievement in the Ontario public service.
Today, Doug
works as a freelance writer/editor and international voice-over artist.
He is also a prolific blogger, holding politicians to account with
sharply-worded commentaries on matters of public interest. Most
recently, he served as a volunteer communications advisor to the West
Side Ratepayers Association.
All-candidates' debate postponed due to lack of interest
https://www.telegraphjournal.com/greater-saint-john/story/100661447/green-candidate-doug-james-calls-for-west-side-water-relief?source=story-rotator
Green candidate Doug James calls for west side water relief
West Saint John ratepayers' association launched over water woes
5-member steering committee selected to deal with city on ongoing problems, including bursting pipes
Frustrated west Saint John residents and business owners have launched a west side ratepayers' association to deal with the city on ongoing water problems, including bursting pipes and hard water.
More than 175 people attended a community meeting earlier this week at Hillcrest Baptist Church and voted 99 per cent in favour of forming an official group, said spokeswoman Pamela Ross.
"This was an exercise in democracy, sending a solid message to city council," she said, describing the community support for having an association as "overwhelming."
She has also created a Facebook group called West Side Residents, where information can be posted and shared.
"We just all want this to be resolved," said Ross. "We're all on the same quest — for usable, drinkable water."
Complaints and class-action
About 5,600 customers on the city's west side were switched over to water drawn from the South Bay Wellfield instead of the Spruce Lake Reservoir in September, as part of the Safe Clean Drinking Water project.
Since then, 214 people have filed complaints with the city over leaking pipes and about 200 people have signed up to be part of a class-action lawsuit filed against the city earlier this month. The city has not yet filed a statement of defence.
It's like living in a time bomb.- Pamela Ross, west side residentMany residents believe the harder water drawn from aquifers and the heavier particles found in the water have caused the plumbing damage.
Other complaints have included water heater problems, irritated skin and stained dishes.
The city has hosted a few meetings to discuss the problems with west side residents, but Ross said last Thursday's open house one-on-one format angered many and prompted the creation of the association.
Ross said it's been stressful for the people affected. Her basement had to be gutted due to a leak. "It's all brand new again down there, so fingers crossed, but it's like living in a time bomb," she said.
Many people are anxious going to sleep at night, worrying about what might happen overnight, and waking up in the morning, wondering what damage they might find.
"It's really been a strain on the whole west side. It's an awful thing."
The ratepayers' association is scheduled to meet again within three weeks, when Ross expects subcommittees will be formed.
Mayor Don Darling called for patience and a respectful meeting but was almost immediately interrupted by two people.
"We're not limiting any questions; we'll answer questions you've got," said Darling.
"I am asking for your patience and that you allow us to get through this presentation because there is a lot of misinformation, there's a lot theory, a lot of speculation, and we've brought the experts here tonight to try and share that."
A Saint John Water presentation explained the water is safe and less acidic than before, and outlined a new plan to solve failing pipes.
Chemical treatment planned
City council voted last Tuesday to add orthophosphate to the water, a chemical commonly used in other municipalities, such as Moncton, to reduce pipe corrosion.
City staff will report back to council on the new system within five months, once research is completed and results are available.
Saint John Water has also partnered with Dalhousie University and CBCL Engineering to analyze corroded copper pipes, but the results are expected to take a couple of months.
Edith Chilton, a west-side resident, said she doesn't mind adding the chemical in the water, but she remains frustrated with her water service.
"Everything is coated with calcium, and if it isn't coated with calcium, it's dirty. If you make a pot of tea and dump out the water, you've got all this brown stuff all over your tea," she said, adding she has to wash the sink and bathtub after every use.
Loss claims of $200-$100K
Charles Bryant, one of the lawyers who filed the class action lawsuit, said residents have expressed "a deep dissatisfaction" with the open house meetings.
"It doesn't seem to have allayed any of the concerns or frustrations that residents are experiencing," he said.
"In general, even the most calm and reasonable people who are signing up are expressing disappointment and frustration with the city's response. And there's also a bit of anger."
Bryant and fellow lawyer Rodney Gillis have heard complaints ranging from pinhole leaks to discoloured water and water heaters breaking down.
Losses, so far, range from a couple of hundred dollars to one business reporting more than $100,000 in damages, said Bryant, declining to divulge the name of the business.
The class-action lawsuit accuses the city of negligence and breach of contract and calls for compensation.
Once the city files its statement of defence, the lawyers have an opportunity to file a reply and will then begin the discovery process, gathering more detailed information to determine the scope of the alleged liability, said Bryant.
They hope to seek certification of the class action within a few months, he said.
With files from Matthew Bingley
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