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by ViewTrick1002 39 days ago
That’s an extremely rosy picture not aligned with reality.

You can’t compare it with a house mortgage.

They had X in earning potential in a set time frame.

The debt accumulated was X + Y.

After the restructuring the public were left as bagholders of the ”+ Y” since it would be impossible to pay it off reasonably under the current framework.

A new framework was created where this stranded debt was paid off as a forced separate line item on everyone’s bills.

In other words. They were bankrupt, if the state hadn’t stepped in then they would not have been able to amortize the debt in the expected timeframe.
1 comments
throw0101c 39 days ago
> That’s an extremely rosy picture not aligned with reality.

"Chart 1- History of Residual Stranded Debt & Unfunded Liability of OEFC" seems to show a decreasing number:

* https://www.breckenhill.com/blogg.php

There is of course a lot of political history (OPC, LPC, etc) that makes the whole situation messy.

> A new framework was created where this stranded debt was paid off as a forced separate line item on everyone’s bills.

The Debt Retirement Charge was $0.007 or 0.7¢ per kWh.

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ViewTrick1002 39 days ago
Why are you this entire time avoiding official sources? Is it because you know the narrative you push is revionist history?

https://www.auditor.on.ca/en/content/annualreports/arreports...

A near 1 cent per kWh levy on every single kWh produced, across all sources, is a massive expense.

And that is after the maximum possible had already been extracted from the market.

Why are you so afraid of admitting that the nuclear construction in Ontario was an absolute economic shit show?

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