Originally posted on National Post | News:
It is costing $180-million for the Ontario government to cancel and relocate an unpopular Mississauga power plant the Liberals killed during the past election.
On Tuesday, Energy Minister Chris Bentley disclosed details of a controversial deal that will see the 300-megawatt Greenfield South Power plant move to the Lambton Generating Station site, near Sarnia.
It’s not yet clear whether taxpayers or hydro ratepayers will have to foot the $180-million bill.
“The agreement was concluded yesterday between the Ontario Power Authority and Greenfield South Power,” Mr. Bentley told reporters. “I expect there will be discussion in the future about the allocation of those costs.”
The cancellation costs include $85-million already spent on building, designing and obtaining permits for the Mississauga location. Another $88-million will be paid to EIG, the financier of the Greenfield South Project, in an early termination settlement, plus $7-million in site-specific costs.…
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