RE:RE:RE:RE:RE:RE:RE:RE:Pipeline SaleRemember that your tax dollars paid for 100% of that transition. They also made huge profits on changeover, a tax dollars. AB should just Nationalize the powergen since the tax layers door the bill. Everyone in Canada needs to stop pretending they are "businessmen" in a centrally planned and funded economy. This is just good old fashioned Soviet replication with the cheesy guys in suits calling themselves " businessmen".
fauxtomato wrote: In an earlier presentation when TransAlta unveiling their coal to gas strategy they claimed the coversion would extend the life of the units to the late 2030s [about 15 years of the max size contract with AP] , at which time they could potentially be covered to combined cycle.
https://www.transalta.com/wp-content/uploads/2019/09/2019-Investor-Day-Presentation-Final-1.pdf
At the time the project seemed odd to me: they were deliberately circumventing the existing sales gas network, ,and now they're trying to tie it into them? I understand not wanting to include the inflated to book value purchase price to the rate base, and I thought the comments of ATCO objecting to exactly the same thing in a different decision was illuminating. This seems to be a case of 'publicize the risk, privatize the profits' so it's not a great look. Glad TA owns half of Pioneer, and in reality the next few years are the heart of Pioneer's earning potential as TA's gas needs rise and low cost capacity increases are executed. You know none of this will come up on the call, though, and instead it'll be some vague biofuel expansion at PGR paid for by someone else.
I'm frequently frustrated by Canada too, but the Teddy Ruxpin drop a few canned lines from the cassette in my belly gets old. firstworld seems to insinuate insider knowledge, just wish he'd share it instead of the same old lines. I got into TWM because I liked the 'acquire underused assets and optimize them' story, that changed when they started building their own stuff, but I wanted to try to bring clarity to the story through publicly available data. The internet is great for stuff like that. And also apparently great for venting. :\