Pembina Pipeline Corp T.PPL.PR.G

Equalization

[Farmer12]

The principle of "Equalization" was enshrined in the Constitution of 1982, signed by Prime Minister Pierre Trudeau and 9 out of 10 provincial premiers, including those of all the oil producing provinces at the time. I believe it was Prime Minister Harper who approved the current formula, which was re-approved without change in 2018. It supports a minimal level of critical services across Canada for poorer provinces but not the territories.

[bttmfischer]

Yes we are equal, but some of us are more equal then others, especially "La belle Provence".

[musing]

The problem is the way equalization is calculated. Its tricky, taking into account major and frequent swings in the finances or energy producing provinces and various subsidies provided by various provinces. Its currently too crude & unfair. To wit, some provinces who at times were having serious financial difficulties were still giving, whilst others, who were enjoying good financial times

[Farmer12]

Good analysis Musing. With the collapse of the energy market and Alberta provincial employment there was pressure to tweak the formula to better recognize and adjust for this sort of thing. But it is very tricky to fine tune the formula. Quebec is not the biggest recipient of federal equalization payments PER CAPITA. Some of the maritime provinces are. It is great that Alberta employment, property

[Albatross]

The problem with Quebec is that they've figured out a way around it. With hydro Quebec not necessarily providing many high paying jobs but rather subsidizing cheap power to quebecers, so they are in perpetual state subsidized 'poverty' they can maximize transfers to further exploit the system..  oh and their concrete plants are exempt from CO2 regulation.. Maybe I'll find a

[Farmer12]

The "Equalization" program is a federal program, with 5 provinces in 2021-2022 getting a benefit: Manitoba, PEI, Nova Scotia, New Brunswick and Quebec. The money is paid by the federal government from General Revenue with money from various sources including federal income taxes. If your income is higher on average, like in Alberta, you pay a little more. Hydro Quebec is one of the

[Albatross]

I have no axe to grind but you missed my point entirely friend https://nationalpost.com/opinion/peter-holle-artificially-cheap-hydro-power-your-equalization-dollars-at-work/wcm/59da1243-121d-4ebd-a4f0-ce56afdac14e/amp/   read the article. It will enlighten you as to how a province can make themselves appear have not. Perhaps Alberta should sell itself $20 oil so it can report less

[smush74]

Electricity exports - Manitoba Hydro Revenue from our power exports brought in more than 22% of our total electric revenue 2010–19, or about $3.9 billion. Every dollar we make goes back into running Manitoba Hydro to keep rates low for our customers in Manitoba. We sell our power to utilities in the United States, and Saskatchewan and Ontario. We sell our extra power to benefit you, our

[stockmarket1]

Ok... Good to hear but..m. What does this article have anything to do with Pembina? Curious.

[Albatross]

The moral of the story is the Turdeau will stay in power for as long as he keeps the Quebec leeches satisfied.

[Farmer12]

Trudeau won 34 seats in Quebec and 78 seats in Ontario. Any tribal outrage should properly be directed towards Ontario. Maybe a convoy of redneck truckers could be sent there to blockade the downtown area to annoy lawabiding citizens by blocking access to vaccination clinics and hospitals.

[mrbb]

because true dough and the liberal believe canada belongs quebecers  

[smush74]

It doesn't that is the point, can we stick to PPL news, these boards and others are becoming plateforms for posts that have very little input on the company in question. Can we stay on topic and have meaningful discussion and pertinent information on the company.

[mrbb]

if i remember right, equalization agreement excluded calculation of revenue from quebec hydropower which they stole from the natives